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How are the following items of subscriptions shown in the Income and Expenditure Account for the year ended 31st March, 2018 and Balance Sheets as at 31st March, 2017 and 2018 ? Subscriptions received during the year ended 31st March, 2018 – Rs. 3,58,500 Subscriptions outstanding on 31st March, 2017 – Rs. 30,000 Subscriptions received in Advance on 31st March, 2017 – Rs. 22,500 Subscriptions received in Advance on 31st March, 2018 – Rs. 13,500 Subscriptions outstanding on 31st March, 2018 – Rs. 37,500 (including Rs. 12,500 for the year ended 31st March, 2017)

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Balance Sheet (Extract as on March 31,2018

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