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Accounts of ‘Not for Profit’ Concerns — Book Keeping & Accountancy STD 12 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsBook Keeping & AccountancyAccounts of ‘Not for Profit’ Concerns1 Mark
Question
What is a Subscription?
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Answer

Subscription is the periodical payment made by the members to the ‘Not for Profit’ concern for maintaining their membership.

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