Janta Kalayan Club has 1250 members each paying an annual subscription of Rs. During the year ended 31st March, 2018 the club did not receive subscription from 45 members and received subscriptions in advance from 46 members for the year ending 31st March, 2019. On 31st March, 2017 the outstanding subscriptions were Rs.  15,000 and subscriptions received in advance were Rs.  3000.

Calculate the amount of subscription that will be debited to the ‘Receipts and Payments Account’ for the year ended 31st March, 2018.

Marks-3, CBSE:2018-19/Main/02/Q-10