Question

what do you mean by outstanding subscription ​

Answer 1

Answer:

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It is that amount of Subscription which due in Previous year and not received in Previous Year. Therefore, It is deducted while ascertaining Subscription received during the Current Year and on the Other hand, it is shown on the Assets side of Opening Balance Sheet.

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Thanks !!!

Answer 2

Answer:

Outstanding Subscription at the Beginning: It is that amount of Subscription which due in Previous year and not received in Previous Year. Therefore, It is deducted while ascertaining Subscription received during the Current Year and on the Other hand, it is shown on the Assets side of Opening Balance Sheet.

HOPE IT HELPS YOU BUDDY.....

@dhruvchaudhary38