Question

Subscription Outstanding at the beginning of the current year will be:

पर्याय

• Deducted from the amount of Subscription on the credit side of the Income and Expenditure Account.

• Added to the amount of Subscription.

• Shown on the Assets side of the opening Balance Sheet.

• Both deducted from the amount of Subscription on the credit side of the Income and Expenditure Account and added to the amount of Subscription.

Answer 1

Both deducted from the amount of Subscription on the credit side of the Income and Expenditure Account and added to the amount of Subscription.

Explanation:

Subscriptions that were outstanding at the start of the current year will be taken from the credit side of the Income and Expenditure Account and added to the subscription amount.