Calculate the amount of Subscription to be credited to Income and Expenditure account for the year 2019-20.
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
  Out of subscription in arrears on 01-04-2019, Rs. 15,000 are no longer recover able.

Marks-3, CBSE:2020-21/Sample/Q-14*