Question

where we write subscription outstanding in receipts and payment account

Answer 1

Answer:

we can't write this in receipt and payment account as this account follows cash basis of accounting.

this is written in income and expenditure account credit side

Explanation:

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Answer 2

Explanation:

♦️Debit Side Debit side of this account records cash

and bank receipts during an accounting period.

♦️Credit side Credit side of this account records payments in cash and through cheques.

♦️Type of account It is a Real Account

Depreciation It does not record Depreciation.

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Hope it's helps......