From the following information, calculate amount of subscriptions to be credited to the Income and Expenditure Account for the year ended 31st March, 2019:
| ₹ | ||
| 1st April, 2018 | Subscriptions in Arrears | 50,000 |
| Subscriptions Received in Advance | 30,000 | |
| 31st March, 2019 | Subscriptions in Arrears | 25000 |
| Subscriptions Received in Advance | 70,000 |
Subscriptions received during the year ended 31st March, 2019
– ₹ 3,00,000
Subscription still in arrears for the year 2017 – 18 – ₹ 10,000.
Statement of Subscription
for the year ended March 31, 2019
| Particulars | Amount (₹) |
| Subscription received during the year 2018-19 | 3,00,000 |
| Less: Subscription-in-Arrears for 2017-18 | 50,000 |
| Add: Subscription-in-Arrears for 2018-19 | 25,000 |
| Add: Subscription-in Advance for 2018-19 | 30,000 |
| Less: Subscription-in Advance for 2019-20 | 70,000 |
| Subscription to be Credited to Income and Expenditure Account | 2,35,000 |