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 recoverable.
