Q.Subscription due but not received for the current year is :

Subscription due but not received for the current year is an asset (outstanding subscription) — option (b).

Under the accrual basis, the whole subscription earned for the current year is credited to the Income and Expenditure Account, whether collected or not. The portion that has been earned but is still to be received is called outstanding (accrued) subscription. Because the organisation has a right to receive this money, it is a current asset shown on the assets side of the Balance Sheet.

…