Subscription received during the year Rs 1,80,000; Subscriptions outstanding at the end of the year Rs 20,000; Subscriptions received in advance at the end of the year Rs 10,000. The amount of subscription to be credited to Income and Expennditure account is ______
The correct option is B - Rs 1,90,000
Income for the year = 1,80,000 + 20,000 - 10,000
= Rs 1,90,000