In the year ended 31st March 2019,subscription received by kings club ,Delhi were Rs 4,09,000 including Rs 5,000 for the year ended 31st Mar 2018 and Rs 10,000 for the year ended 31st March 2020 . At the end of the yr ended 31st March 2019 , subscription outstanding for the yr ended 31st March 2019 were Rs 15000 .The subscription due but not received at the end of the previous year ended 31st March 2018 were Rs8000 while subscription received in advance on the same date were Rs18000.
Calculate at of subscription to be credited to income and expenditure account for the year ended 31st March 2019

Dear Student,
subscription to be credited to income and expenditure account for the year ended 31st March 2019 = Subscription received during the year + outstanding for current year - received for previous year + advance received in previous year - advance received for next year
= 409000 +15000 - 5000 + 18000 - 10000
= Rs. 427000
Regards

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