Subscripts in the chemical formula A2B3 denotes:
(i) 2 atoms of A combine with 3 atoms of B to form A2B3
(ii) The subscript 2 denotes that valency of A is 2.
is true and B is false.
The formula A2B3 denotes that 2 atoms of A have combined with 3 atoms of B. The subscripts also represent the valencies of opposite atoms.
The valency of A is 3 and that of B is 2 here in this case. Because when we write the formula we cross multiply the valencies.