Calculate the amount of Subscription to be credited to Income and Expenditure account for the year 2019-20.
Out of subscription in arrears on 01-04-2019, Rs. 15,000 are no longer recover able.
| Particulars | Amount (Rs.) |
| Amount received during the year (including Rs. 20,000 for 2018-19 , Rs. 30,000 for 2020-21 and Rs. 10,000 for 2021-22) | 7,80,000 |
| Subscription received in advance as on 01-04-2019 (including Rs. 15,000 for 2020-21) | 35000 |
| Subscription in arrears as on 01-04-2019 | 40000 |
| Subscription in arrears as on 31-03-2020 | 50000 |
Marks-3, CBSE:2020-21/Sample/Q-14*