Subscription in Arrears
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Accounting for Clubs and Societies
MS: Yuran Tertunggak · EN: Subscription in Arrears · ZH: 拖欠会费
Meaning
Subscriptions in arrears are current-year subscriptions that members have not yet paid by the end of the accounting period. They are income that has been earned but not yet received, and are therefore treated as a current asset. They are still counted as current-year income under the accrual basis.
Example
For example, at year end, 5 members of Bijak Chess Club have not yet paid their subscription of RM40 each. The arrears of RM200 are added to subscription income and shown as a current asset in the Statement of Financial Position.
Source: DSKP KSSM Prinsip Perakaunan Tingkatan 5