From the following information, find out the subscription in arrears for the current year.
Subscription received by Vinod Welfare Society during 2019-20 …………….. 1,00,000
Subscription credited to Income and Expenditure A/c for the year ……………1,20,000
Subscription in arrears in the beginning was …………………………………………....8,000
Subscription received in advance in the beginning was …………………………… 20,000
Subscription received in advance at the end of the year ……………………………12,000
Subscription still in arrears for the previous year ………………………………..…. 3,000
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