In the year ended 31st March, 2019, subscriptions received by the Jaipur Literary Society were ₹ 4,20,000. These subscriptions include ₹ 14,000 received for the year ended 31st March, 2018. On 31st March, 2019, subscriptions due but not received were ₹ 10,000. What amount should be credited to Income and Expenditure Account for the year ended 31st March, 2019 as subscription?
Income and Expenditure Account
for the year ended March 31, 2019
| Expenditure | Amount (Rs.) | Income | Amount (Rs.) | |
| Subscription | 4,20,000 | |||
| Less: Outstanding for 2017-18 | 14,000 | |||
| Add: Outstanding for 218-19 | 10,000 | 4,16,000 | ||