From the following determine the amount of subscription that should be credited to Income and Expenditure Account for the year ended 31st March 2019. Subscriptions received during the year were as follow:
`{:("For the year ended 31st March 2018",,Rs.20.000),("For the year ended 31st March, 2019",,Rs.3.00.000),("For the year ended 31st March 2020",,Rs 30.000):}`
subscription outstanding as at 31st March 2018 was Rs. 35,000 out of which Rs. 5,000 was not recoverable . On that date subscriptions received in advance for the year ended 31st march 2019 were Rs. 20,000. Subscriptions still outstanding as at 31st March , 2019 amounted to Rs. 60,000.

Answer

N/a

Explanation