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

Hello!

Question - What do you mean by oustanding subscription?

✍️It is that amount of subsciption that was due in previous year and not recieved in previour year

Thank you!