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.
|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|