{"id":59006,"date":"2024-04-16T01:29:31","date_gmt":"2024-04-16T01:29:31","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=59006"},"modified":"2024-04-16T01:29:31","modified_gmt":"2024-04-16T01:29:31","slug":"subscriptions-outstanding-from-the-members-of-a-club-are-shown-on-the","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/subscriptions-outstanding-from-the-members-of-a-club-are-shown-on-the\/","title":{"rendered":"Subscriptions outstanding from the members of a club are shown on the:"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Liability side of the Balance Sheet&#8221; option2=&#8221;Assets side of the Balance Sheet&#8221; option3=&#8221;Debit side of the Income and Expenditure Account&#8221; option4=&#8221;Payment side of Receipt and Payment Account&#8221; correct=&#8221;option1&#8243;]<!--more--><\/p>\n<p>The correct answer is: A. Liability side of the Balance Sheet.<\/p>\n<p>Subscriptions outstanding from the members of a club are a liability of the club. This is because the club owes money to the members for the subscriptions that they have paid. Liabilities are shown on the liability side of the balance sheet.<\/p>\n<p>The other options are incorrect because:<\/p>\n<ul>\n<li>Assets are shown on the asset side of the balance sheet.<\/li>\n<li>The debit side of the income and expenditure account shows income and expenses.<\/li>\n<li>The payment side of the receipt and payment account shows receipts and payments.<\/li>\n<\/ul>\n<p>I hope this helps! Let me know if you have any other questions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Liability side of the Balance Sheet&#8221; option2=&#8221;Assets side of the Balance Sheet&#8221; option3=&#8221;Debit side of the Income and Expenditure Account&#8221; option4=&#8221;Payment side of Receipt and Payment Account&#8221; correct=&#8221;option1&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[],"class_list":["post-59006","post","type-post","status-publish","format-standard","hentry","category-accounting","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Subscriptions outstanding from the members of a club are shown on the:<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/subscriptions-outstanding-from-the-members-of-a-club-are-shown-on-the\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Subscriptions outstanding from the members of a club are shown on the:\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;Liability side of the Balance Sheet&#8221; option2=&#8221;Assets side of the Balance Sheet&#8221; option3=&#8221;Debit side of the Income and Expenditure Account&#8221; option4=&#8221;Payment side of Receipt and Payment Account&#8221; correct=&#8221;option1&#8243;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/subscriptions-outstanding-from-the-members-of-a-club-are-shown-on-the\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-16T01:29:31+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Subscriptions outstanding from the members of a club are shown on the:","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/subscriptions-outstanding-from-the-members-of-a-club-are-shown-on-the\/","og_locale":"en_US","og_type":"article","og_title":"Subscriptions outstanding from the members of a club are shown on the:","og_description":"[amp_mcq option1=&#8221;Liability side of the Balance Sheet&#8221; option2=&#8221;Assets side of the Balance Sheet&#8221; option3=&#8221;Debit side of the Income and Expenditure Account&#8221; option4=&#8221;Payment side of Receipt and Payment Account&#8221; correct=&#8221;option1&#8243;]","og_url":"https:\/\/exam.pscnotes.com\/mcq\/subscriptions-outstanding-from-the-members-of-a-club-are-shown-on-the\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2024-04-16T01:29:31+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/subscriptions-outstanding-from-the-members-of-a-club-are-shown-on-the\/","url":"https:\/\/exam.pscnotes.com\/mcq\/subscriptions-outstanding-from-the-members-of-a-club-are-shown-on-the\/","name":"Subscriptions outstanding from the members of a club are shown on the:","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2024-04-16T01:29:31+00:00","dateModified":"2024-04-16T01:29:31+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/subscriptions-outstanding-from-the-members-of-a-club-are-shown-on-the\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/subscriptions-outstanding-from-the-members-of-a-club-are-shown-on-the\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/subscriptions-outstanding-from-the-members-of-a-club-are-shown-on-the\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"mcq","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/"},{"@type":"ListItem","position":3,"name":"accounting","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/accounting\/"},{"@type":"ListItem","position":4,"name":"Subscriptions outstanding from the members of a club are shown on the:"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/mcq\/#website","url":"https:\/\/exam.pscnotes.com\/mcq\/","name":"MCQ and Quiz for Exams","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/mcq\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/mcq\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/59006","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/comments?post=59006"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/59006\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=59006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=59006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=59006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}