Q The amount of Subscription received from members by a Non-Profit organisation is shown in which of the following?


A. Debit side of Income and Expenditure Account
B. Credit side of Income and Expenditure Account
C. Liability Side of Balance Sheet
D. Assets side of Balance Sheet

Correct Answer: B

Explanation:
The amount of subscription received from members by a Non-Profit organization is typically shown on the Credit side of the Income and Expenditure Account. In the context of non-profit organizations, the Income and Expenditure Account functions similarly to an Income Statement in a for-profit organization, where income (such as subscriptions) is listed on the credit side as revenue.

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