Question
Given the information below, what will be the amount of subscription in the Receipt & Payment Account and the Income & Expenditure Account, respectively. A sports club received ₹50,000 as subscriptions during the year 2018-19, of which ₹5,000 relate to the year 2017-18 and ₹10,000 to 2019-20. At the end of the year 2018-19. ₹25,000 are still receivable.
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