From the following information calculate Income from Subscription for the year ending on 31 March 2022.

        Details                                                      ₹ 
Subscription received                                    2,50,000

Additional Information:
Subscription outstanding on 1.4.2021              50,000
Subscription outstanding on 31.3.2022            35,000
Advance subscription as on 1.4.2021               25,000
Advance subscription as on 31.3.2022             30,000

₹ 2,30,000

The correct answer is Option (4) - ₹ 2,30,000.

Subscription received = 2,50,000
Add: O/S subscription at the end of year = 35,000
Less: O/S subscription at the beginning of year = 50,000
                                                                  = (2,50,000 + 35,000 - 50,000)
                                                                  = ₹2,35,000
Add: advance subscription at the beginning = 25,000
Less: advance subscription at the end = 30,000
                                                       = (2,35,000 + 25,000 - 30,000)
                                                       = ₹2,30,000