what is the meaning of outstanding subscription

Open in App

Solution

It is that amount of Subscription which due in Previous year and not received in Previous Year. Therefore, It is deducted while ascertaining Subscription received during the Current Year and on the Other hand, it is shown on the Assets side of Opening Balance Sheet.

Suggest Corrections

Similar questions

Outstanding subscription is a/an-

Q. Outstanding subscription is .

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

Q. Outstanding subscription for a non-profit organization is considered as a/an ____________.

Q. Subscription received in 2016-17 is Rs. 4,50,000 & outstanding as on 31.03.2016 is Rs. 30,000. The subscription income for the year 2016-17 is .

Join BYJU'S Learning Program