Subscription received in cash during the year amounted to 5 00 000 subscription outstanding at the e......

Subscription received in cash during the year amounted to ?5,00,000; subscription outstanding at the end of previous year was ?20,000 and outstanding at the end of current year was ?25,000. Subscription received in advance for next year was ?8,000 and received in advance during previous year was ?7,000. The amount credited to Income & Expenditure Account will be :

?5,04,000

By: santosh