Subscription Received in Advance represents money received for services not yet rendered. Since the organisation owes these services to members, it is treated as a current liability and shown on the liabilities side of the Balance Sheet.
CUET UG 2023 — Accountancy Financial Statements
Subscription Received in Advance is a :
Held on 11 Jun 2023 · Verified 13 Jul 2026.
Liability
Asset
Income
Expenditure
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Profit before interest and tax-
Match List-I with List-II | List-I | List-II | |---|---| | (A) SHAREHOLDERS FUND | (I) Non-current investments | | (B) CURRENT LIABILITIES | (II) Reserves and Surplus | | (C) CURRENT ASSET | (III) Trade Payables | | (D) FIXED ASSET | (IV) Inventories | Choose the correct answer from the options given below:
Auditor issues Annual report of company refering to___.
If the net profits earned during the year is Rs. 50,000 and the amount of debtors at the beginning and the end of the year is Rs. 10,000 and Rs. 20,000 respectively, then the cash from operating activities will be equal to:
Cash advances and loans made by financial enterprises are usually classified as ___________ activity.
Work through every CUET UG Financial Statements PYQ, year by year.