Q

The sports club received $ 6,50,000 by way of subscription during year ended on 31st March 2017 Additional Information is given as follows: Amount Subscription received in advance on 31-3-2017 10,000 Subscription outstanding on 1 -4-2016 (Out of which $ 16,000 were received during 2016-17) 20,000 Subscription received in advance on 31-3-2016 7,500 Subscription outstanding for 2016-17 25,000 Show how subscription will appear in income and expenditure Account