During the year 2015, subscription received by a sports club is Rs. 80,000. These included Rs. 3000 for the year 2014 and Rs. 6000 for the year 2016. On March 31, 2016, the amount of subscription due but not received was Rs. 12,000. Calculate the amount of subscriptions to be shown in income and expenditure account as income from subscription.

Dear Student,
Particulars Amount
Subscription received 80,000
Less : Outstanding of previous year (3,000)
Less : Advance for next year (6,000)
Add : Outstanding for current year 12,000
Subscriptions to be credited in income and expenditure account 83,000


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