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How much is the monthly subscription revenue pertaining

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Reference no: EM132700397

Basic Company's unadjusted trial balance for the year ended December 31, 2019 showed an Unearned Subscription Revenue account of P6,000. This balance was related to a one year subscription that started on October 1, 2019.

Question 1. How much is the MONTHLY subscription revenue pertaining to the said subscription contract?

Question 2. What method is being used by Basic Company to account for the subscription contract?

A. Revenue Method
B. Asset Method
C. expense Method
D. Liability Method

Reference no: EM132700397

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