As per Receipts and Payments Account for the year ended on March 31,2020,subscriptions received were ₹2,50,000, subscription outstanding on 1-04-2019 ₹50,000, subscription received in advance as on 31-3-2020 are ₹30,000.

Subscriptions for the year 2019-2020 will be:

₹1,70,000

The correct answer is option 4- ₹1,70,000.

Subscription received during the year 2019-2020               = ₹2,50,000
Less: Subscription outstanding on 1-04-2019                     = ₹50,000
Less: Subscription received in advance as on 31-03-2020  = ₹30,000
Subscription for the year 2019-2020                              = (2,50,000 - 50,000 -30,000)
                                                                                            = ₹1,70,000