Subscription received during the year was ₹80,000, outstanding subscription at the end of the current year was ₹5,000, subscription advance at the end of the year was ₹5,000. How much subscription will be credited in Income and Expenditure Account?

₹80,000

The correct answer is option 3- ₹80,000.

Subscription during the year = 80,000 
Add: Outstanding subscription at the end of the current year = 5,000
                                                                                         = (80,000 + 5,000)
                                                                                         = 85,000
Less:  Advance subscription at the end of the year = 5,000
                                                                          = (85,000 - 5,000)
                                                                          = 80,000

₹80,000 will be credited to income and expenditure account.