A club received subscription of Rs. 25,000 during the year 2016-17. This includes subscription of Rs. 2,000 for 2015-16 and Rs. 1,500 for the year 2017-18. Subscription of Rs. 500 is still outstanding for the year 2016-17. What is the amount to be shown in Income and expenditure account?
1
Rs. 22,000
2
Rs. 28,500
3
Rs. 21,500
4
More than one of the above
5
None of the above