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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