From the following information, calculate the amount of subscription to be credited in the Income and Expenditure Account of Bharat Sports Club for the year ending 31.3.2018.ParticularsFor the year ended31st March, 2017 <For the year ended31st March, 2018<Advance Subscription 8,000 9,500Outstanding Subscription 7,000 12,500During the year, the club received < 1,20,000 as subscription which included < 5,000 for the year ending 31st March, 2017.​

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

Ithink that the answer is b

Answer overstate; understate;