Why subscription still in arrears is not subtracted ?
Dear Student,
In order to calculate the amount that should be received for the current period which is use to reflect in Income and expenditure A/C Subscription in Arrear 17-18 should be substracted as these are received in current period which are related to previous period and subscription in arrear 18-19 should be added as these arrears are related to current period and should be received in current period.
Current Period- 2018-2019
Previous Period- 2017-2018
Regards.
In order to calculate the amount that should be received for the current period which is use to reflect in Income and expenditure A/C Subscription in Arrear 17-18 should be substracted as these are received in current period which are related to previous period and subscription in arrear 18-19 should be added as these arrears are related to current period and should be received in current period.
Current Period- 2018-2019
Previous Period- 2017-2018
Regards.