menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial Accounting
  4. Exam
    Exam 47: Single Entry System and Profit Calculation
  5. Question
    Subscriptions Received in Advance by a Club Are Shown on
Solved

Subscriptions Received in Advance by a Club Are Shown on

Question 16

Question 16

Multiple Choice

Subscriptions received in advance by a Club are shown on .......... side of the Balance Sheet-


A) Assets Side
B) Liabilities Side
C) Debit Side
D) Credit Side

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q11: The receipts and Payments account records receipts

Q12: The disadvantage of single entry system<br>A)Incomplete and

Q13: Receipts and Payments Account is a:<br>A)Personal Account<br>B)Real

Q14: The amount of Entrance Fees received regularly

Q15: Receipts and Payments Account of non-trading concerns

Q17: Receipts and Payment A/c is a summary

Q18: Receipts and Payments Account generally shows:<br>A)A Debit

Q19: Receipts and Payments Account usually indicates-<br>A)Surplus<br>B)Capital Fund<br>C)Debit

Q20: Sale of old newspapers is-<br>A)Capital Receipt<br>B)Revenue Receipt<br>C)Asset<br>D)Profit

Q21: In single entry system sales are computed

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines