Outstanding subscription is .
Outstanding subscription is a/an-
Subscription income for the year is Rs 52,000; Subscriptions outstanding at the end of the year Rs. 8,000; Subscription outstanding at the beginning of the year Rs. 6,000. Subscription received during the year will be
As per Receipts and Payments Account for the year ended on March 31,2012, the subscriptions received is Rs 2,50,000. Additional information given is as follows:
(i) Subscription Outstanding on 1.4.2011; Rs 50,000.
(ii) Subscription Outstanding on 31.3.2012; Rs 35,000.
(iii) Subscription Received in Advance as on 1.4.2011; Rs 25,000.
(iv) Subscription Received in Advance as on 31.3.2012; Rs 30,000. Ascertain the amount of income from subscriptions for the year 2011-12.