Subscription received in 1998: For the year 1997 For the year 1998 For the year 1999 Subscription outstanding on 31st December, 1998 was Rs. 4,000. What amount of subscription will appear in income and Expenditure account of 1998:

The correct answer is B. Rs. 19,000.

Subscription received in 1998:
* For the year 1997 – Rs. 5,000
* For the year 1998 – Rs. 10,000
* For the year 1999 – Rs. 5,000
Subscription outstanding on 31st December, 1998 was Rs. 4,000.

The amount of subscription that will appear in the income and expenditure account of 1998 is the amount received in 1998 for the year 1998, plus the amount received in 1997 for the year 1998, less the amount outstanding on 31st December, 1998. This is equal to Rs. 10,000 + Rs. 5,000 – Rs. 4,000 = Rs. 19,000.

Option A is incorrect because it includes the amount of subscription received for the year 1999. Option C is incorrect because it includes the amount of subscription outstanding on 31st December, 1998. Option D is incorrect because it is the amount of subscription received in 1998 for the year 1998 only.