Question

Outstanding Subscription is recorded on

Answer 1

Answer:

It is a summary of cash and bank transactions under various heads. For example, subscriptions received from the members on different dates which appear on the debit side of the cash book, shall be shown on the receipts side of the Receipt and Payment Account as one item with its total amount.

Explanation:

Hope it helps you.....

Answer 2

Answer:As u know subscription is a membership fees which is paid by members and it is income for organisations that's why it is shown in receipts side of receipt and payment account.

Let's talk about calculations of outstanding subscription :

Subscription received during the year:

(+)o/s subscription (at the end of the year)

(-)o/s subscription (at the beginning of the year)

Note :o/s subscription at the beginning means o/s subscription of previous year which is known as beginning subscription of the current year.

Explanation: