Question

Calculate net subscription value for the following data.Current year's subscription 5,00,000Outstanding subscription of current year 50,000Subscription of current year received in advance in previous year30,000​

Answer 1

Answer:

52,000

Subscription outstanding at the beginning of the year - 42000

Subscription of previous year received in current year - 35000

Subscription outstanding of previous year - 42000 - 35000 = 7000

Subscription outstanding for current year = 45000

Amount of subscription outstanding at the end of current year will be

= 45000+7000

= 52000.

Explanation:

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