CALULATION OF SUBSCRIPTION INCOME TO BE SHOWN IN INCOME SIDE OF INCOME AND EXPENDITURE ACCOUNT:

Formula 1.

Particular/Income	Amount
Total Subscription received during the year Add: 1.  Subscription received in advance during Previous Year{p.y advance} 2.  Outstanding (arrear) Subscription of Current year(C.Y O/S}	Xxx Xxx xxx
Less: 1.     Subscription received in advance during current year(N.Y){C.Y. advance} 2.     Outstanding(arrear) Subscription of Previous year, received during current year.{P.Y. o/s}	Xxx Xxx xxx
Subscription income of Current Year	xxx

Formula 2:-

Particular/Income	Amount
Total Subscription received of Current year Add: 1.  Subscription received in advance during Previous Year 2.  Outstanding (arrear) Subscription of Current year	Xxx Xxx xxx
Subscription income of Current Year	xxx