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Question is

From the following information, calculate the amount of income from subscriptions to be shown in the Income and Expenditure Account for the year ended 31-3-2011:  

Subscriptions received during the year 2010-2011

Rs

3,40,000

Subscriptions outstanding as on 31-3-2011

Rs

47,000

Subscriptions received in advance as on 31-3-2011

Rs

35,000

Subscriptions outstanding as on 1-4-2010

Rs

28,000

Subscriptions received in advance as on 1-4-2010

Rs

25,000

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