Which of the following will be shown in Income and Expenditure statement of a Non profit organisation?

Subscriptions received for current year

The correct answer is option 1- Subscriptions received for current year.

Subscriptions received for current year is shown in Income and Expenditure statement of a Non profit organisation.

* All of the above are shown in receipts and payments account.

Subscription is a membership fee paid by the member on annual basis. This is the main source of income of such orgnisations. Subscription paid by the members is shown as receipt in the Receipt and Payment Account and as income in the Income and Expenditure Account. It may be noted that Receipt and Payment Account shows the total amount of subscription actually received during the year while the amount shown in Income and Expenditure Account is confined to the figure related to the current period only irrespective of the fact whether it has been received or not.