Accountancy, asked by yokeshramkumar28, 9 months ago

Why subscription written off is added to subscription received during the year

Answers

Answered by Anonymous

3

Explanation:

It records all losses and expenses on its debit side and all incomes and gains on its credit side. Of the incomes and expenses of revenue nature, only the portion pertaining to the current year is shown in the Income and Expenditure Account i.e. amount relating to the previous year or future year are excluded.

FOLLOW US GET FOLLOW BACK..✌☺❣️❤✔❤❣️☺✌

Previous Question

Next Question

Similar questions

Math, 4 months ago

Are two sets A and B equal? Give reasons to support your answer. A = {x | x is a letter in the word SEAT} B = {x | x is a letter in the word TASTE}...

Physics, 4 months ago

During short period, production can be increased through _________. * a)greater application of fixed factors b)greater application of variable factors c)greater application of all the factors of production d)none of these...

Math, 4 months ago

If the unequal angle of an isosceles triangle is 100 degree, find the equal angles...

Science, 9 months ago

a dash is substance that cleans away dirt...

English, 9 months ago

why did Anne Frank remain in her bed lying till a quarter to seven on her birthday...

Biology, 11 months ago

When we look out our soroundings,we may feel difficult to answer for some simple questions like,"Do plants have brain and eyes"?

Biology, 11 months ago

WHICH INSTITUTION IS GOOD FOR NON-MEDICAL IN BHAGALPUR OR JAMSHEDPUR...

English, 11 months ago

which of these are most characteristic of literary nonfiction? A. Unrealistic circumstances B. Made-up characters and situations C. Dry, straightforward writing D. True events and Dialogue...