Subscription received in cash during the year amounted to Rs 60,000, subscription received in advance for next year was Rs 3,000 and received in advance during previous year was Rs 2,000. Subscription in arrear at the end of current year was Rs 5,400. The amount credited to Income & Expenditure Account will be :

Options

A. Rs 53,600
B. Rs 66,400
C. Rs 55,600
D. Rs 64, 400

Answer

D