Question

Outstanding subscription' at the end of Accounting year represents ________. (Fill in the blank by choosing correct option)
a) a liability
b) an expenditure
c) an asset
d) a capital fund

Answer 1

C IS THE ANSWER ....

Answer 2

• Liability

Outstanding subscription is recorded at the end of accounting time period . It is the liability side of balance sheet . It is the due amount which is to be paid . If the amount is not paid during the respective year , it is deducted in the current year .