Please solve this

Solution:
                              Income & Expenditure A/c

Expenditure	Amount	Income	Amount
		By Subscription A/c   300000
		(+) Sub. rec. in adv 2020  8000
		(+) Sub. o/s in 2021        92000	400000

                                        BALANCE SHEET

LIABILITIES	AMOUNT	ASSETS	AMOUNT
Subscription receive in advance	16000	Subscription outstanding on 31st 2021	92000

WORKING NOTES:

Subscription to be received = 400 x1000        = 400000
(-) Subscription rec. in year                             = (300000)
(+) Sub received in advance in 31st dec 2020 = 8000
Subscription outstanding 31st dec 2021          =92000