The following information in respect of M/s Niti Enterprises is given: (i) Subscription received in 2017 is Rs 2,45,000
Subscription 2017 = 245000-20000-15000+19000+18400=247400; accrual basis calculation correct.
Ref: NCERT Accountancy Class XII Chapter 1 Not-for-Profit Organisation explains receipt payment income expenditure account subscription calculation treatment.