I am totally confused with subscription …

In subscription Account You should know nature of it. Outstanding subscription is our current assets hence opening balance of O/S subscription is shown on the debit side and Closing O/S subscription will be shown on credit side ( Reverse side ) and Advance Subscription is Our Liability hence Opening Advance is shown on the Credit Side and Closing Advance is shown on Debit side of subscription A/c 

A very simple method of getting the amount to be carried as income on account of subscription in the Income and Expenditure Account, is to prepare Subscription Account.  Let me explain preparation of Suscription Account with the help of following example:

In a club each member is supposed to pay Rs.50 as yearly subscription and in 2013 it received Rs.2450.

At 1 January 2013, 5 members still owed their subscription for 2012 while 7 members have already paid their 2013 subscriptions.

At 31 December 2013, no subscriptions were due for 2012. However, 3 members still had to pay their 2013 subscriptions while 4 members have already paid their 2014 subscriptions.

What is the amount of income from Subscriptions during 2013.

It will be noticed from above that Subscription Account is a combination of two accounts, namely, (i) Subscription in Arrears A/c (Debit Balance) and (ii) Subscription in Advance A/c (Credit Balance).

just place the information given in the question at th

Calculation of Subscription