Asked by: Yunyun Zayaspersonal finance home financing
What is a subscription in accounting?
Last Updated: 26th January, 2020
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Similarly, you may ask, what type of account is subscriptions?
What is the amount of income fromSubscriptionsduring 2013. It will be noticed from above thatSubscriptionAccount is a combination of two accounts,namely, (i)Subscription in Arrears A/c (Debit Balance) and(ii)Subscription in Advance A/c (CreditBalance).
Also Know, what is a subscription fee? 1. An agreement to purchase a certain amountofsecurities, such as stocks. 2. The right to receive issues ofamagazine or periodical in exchange for money. For example,aconsumer might pay an annual fee to receive issues ofabusiness magazine.
Keeping this in consideration, what is subscription in financial accounting?
A subscription is an arrangement wherebygoods,services or stock are sold periodically rather thanindividually.Most subscriptions require customers to signsome form ofcontract, or to agree to set terms andconditions.
What is subscription and how it is calculated?
Subscriptions refer to the amount of money paidbythe members on periodic basis for keeping their membership withtheorganisation alive. It is paid monthly, quarterly, half yearlyorannually by the members.