Accountancy, asked by Niyardas6516, 9 months ago

Why we deduct the previous year subscription amount from the current year subscription amount?

Answers

Answered by Anonymous

Answer:

Hello mate!!!

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.

Previous Question

Next Question

Similar questions

Geography, 4 months ago

why does amount of insolation decreases from equator towards poles?

Social Sciences, 4 months ago

यांगत्से नदी कहाँ बहती है? क. दक्षिण अमेरिका ख. आस्ट्रेलिया ग. चीन...

Accountancy, 4 months ago

Sock of goods destroyed by fire is 9,00,000, Stock of goods salvaged 1,00,000, value of insurance policy 8,00.000. There is an average clause in the policy then the amount of claim is : 1)9,00,000 2) 8,00,000 3)7,20,000 4)7,00,000 a l'fference between standard...

Hindi, 9 months ago

Brej language mein aru ka khadi boli hindi mein kya roop hai...

English, 9 months ago

Give a characteristic sketch of Post master?

Hindi, 1 year ago

(a) What is the role of HCl in our stomach ? (b) What is emulsification of fats ? (c) Which protein digesting enzyme is present in pancreatic juice ?

French, 1 year ago

1.write a story on a clever cap seller 2.your friend got A+ grade in class 8th.write a letter ...

Math, 1 year ago

3. A gardener hos 1000 plants. He wants to plant these in such a way that the number of rows and the number columns remain same. Find the minimum number of plants he needs more for this. uffi dinits which is a perfect square.