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Which is the major source of revenue income for not for profit concerns A. Subscription B. DonationsC. Legacies D. Entrance fees |
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Answer» Usually SUBSCRIPTION is a major source of revenue income for 'Not for PROFIT' concerns. Explanation: It is the main source of income for a not-for-profit organisation. It is RECORDED on the CREDIT side, i.e. the income side of the Income and Expenditure Account.Outstanding Subscriptions: 3,000Capital FUND: 1,51,960Explanation:hope it's helpful. |
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