From the following information supplied by rainbow arts and sports club, find out the amount credited in income and expenditure account
Subscription received during the year 2009. :60000
Subscription outstanding on 31-12-2008 : 4000
Subscription received in advance 31-12-2008 :4500
Subscription outstanding on 31-12-2009 :3000
Subscription received in advance on 31-12-2009 :2500
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₹61,000is amount credited in income and expenditure accont
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