Npo

dealing with subscripttion in NPO is the most important part...

in income/expenditure a/c-- advance subscripttion(of p.y) is added and  advance subscripttion(of c.y.) is deducted because it relates 2 subscripttion for the next year so its entry will only b made in that year for which it is received......in same way outstanding subscripttion of p.y. will be deducted bcoz it relates 2 previous year and its accounting has already been done...outstanding subscripttion of c.y. will b added bcoz it relates to current year...[i.e., in I/E a/c total subscripttion of the year is shown...

treatment in balance sheet--advnce subcription(of c.y.) will be in liabilities side....outstanding subscripttion(of c.y) on assets side

u can even prepare a subscripttion a/c ledger....it will b easy 4 u....

PADMAKSHI THIS RULE WILL ALSO APPLY IN CASE OF OTHER INCOMES & EXPENSES  ALSO

FOR e.g IN CASE OF SALARIES,RENT RECD.

I SUPPOSE YES.

yes the same will b applicable for other also...except in case of the treatment in balance sheet

PADMAKSHI 1 MORE QUESTION IF WE HAVE 2 CALCULATE THESE FIGURES IN R & P A/C THEN ALSO THIS WILL GET REVERSED.

I THINK SO.

figures of subscripttion or figures of rent salaries etc....???

IS THERE ANY DIFF B/W THESE 2

in R/P a/c we record all receipts and all payments whether it pertains 2 last year or current year or next year...

yes but do note in case of subscripttion ...if in a Q r/p a/c is given and in subscripttion the receipts are clearly stated seperately relating to last year, c.y., next year...but still a sum relating to last year is outstanding in this year also(say.Rs.100)...then dont forget 2 show this Rs. 100 in your balance sheet in assets side with addition to current years outstanding subscripttion

NO NO PADMAKSHI U R NOT UNDERSTANDING MY POINT.IF WE R GIVEN I & E A/C OF SUBSCRIPTION & WE HAV 2 FIND FIND R & P A/C BALANCE THEN THIS SAME WILL APPLY.LIKE ADDING O/S AT THE END MINUS O/S IN THE BEGINNING OR VICE VERSA.

got ur point...

yes u need 2 do the same...

best way 2 solve the complete prblm of subscripttion is to create subscripttion A/c.    bcause through this u'll b able 2 post all adv nd o/s and the balancing fig will b either I/E or R/P( if preparing through I/E a/c.)...

nd u'll never get confused whether 2 add or subtract

THANKS A LOT PADMAKSHI FOR HELPING ME.

NOBODY COULD HAV EXPLAINED IT 2 ME LIKE U DID.

THNX A LOT FOR U R TIME.

u r alwaz welcome

given subscripttion amount in the receipt account

      +  currrent year outstanding subscripttion

     -  previous year outstanding subscripttion

     -   current year advance subscripttion

     +  previous year advance subscripttion

the answer which comes after that will comes in income side of income and expenditure accounts

use this adjustment all question will solve