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Question
Subscription received in current year is ₹ 1,20,000. Current year's outstanding subscription is ₹ 20,000 and subscription received in advance is ₹ 10,000. Find out net subscription amount of current year
Sum
Solution
| Subscription of current year | 1,20,000 |
| Add: Outstanding subscription | 20,000 |
| 1,40,000 | |
| Less: Pre-received subscription | 10,000 |
| Net subscription of current year | 1,30,000 |
shaalaa.com
Accounting for Share Capital
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