From the following information, calculate amount of subscriptions to be credited to the Income and Expenditure Account for the year ended 31st March, 2018:
| 1 st April, 2017 |
Subscriptions in Arrears |
Rs.50,000 |
|
Subscriptions Received in Advance |
Rs 30,000 |
| 31 st March, 2018 |
Subscriptions in Arrears |
25,000 |
|
Subscriptions Received in Advance |
70,000 |
Subscriptions received during the year ended 31st March, 2018 – Rs.3,00,000
