Legacy = amount received under a will, non-recurring → capital receipt. Option (c).

In the accounts of a not-for-profit organisation, a legacy is a gift of money or property left to the organisation by a deceased person through a will.

• It is non-recurring and does not arise from the regular activities of the organisation, so it is a capital receipt and is normally added to the Capital Fund in the Balance Sheet.

• (A legacy of small/recurring nature may sometimes be taken to Income and Expenditure, but the general classification, and the correct option here, is capital receipt.)

• It is not a revenue receipt/expenditure or capital expenditure.

The subscription to be shown in the Income and Expenditure Account is ₹ 50,000.

The Income and Expenditure Account of a club records the subscription earned for the current year on an accrual basis (Accounts of Not-for-Profit Organisation, TN HSC Commerce).

Annual subscription due for the year = 500 members × ₹ 100 = ₹ 50,000.

This ₹ 50,000 is the amount relating to the current year. The ₹ 200 due but not received is still current-year income (it is already part of the ₹ 50,000, only not yet collected), and the ₹ 300 received in advance relates to the next year, so it is excluded. Therefore the figure shown in the Income and Expenditure Account is ₹ 50,000.

Sale of old sports materials is a revenue receipt, so pairing it with "capital receipt" is wrong.

In the TN HSC Class-12 Accountancy syllabus (Accounts of Not-for-Profit Organisation), receipts are split into capital and revenue:

• (a) Sale of old sports materials — Capital receipt: Incorrect. Old sports materials are consumable items already treated as expense/revenue nature; their sale is a small, recurring receipt and is treated as a revenue receipt, credited to the Income & Expenditure A/c.

• (b) General donation — Revenue receipt: correct (a general, small donation not for a specific purpose is revenue income).

• (c) Subscription for billiards — Revenue receipt: correct (a recurring membership-type receipt).

• (d) Specific donation — Capital receipt: correct (a donation for a specified purpose is capitalised).

Subscription due but not received for the current year is an asset (outstanding subscription) — option (b).

Under the accrual basis, the whole subscription earned for the current year is credited to the Income and Expenditure Account, whether collected or not. The portion that has been earned but is still to be received is called outstanding (accrued) subscription. Because the organisation has a right to receive this money, it is a current asset shown on the assets side of the Balance Sheet.

It is not an expense (it is income earned), it cannot be ignored (that would understate income), and it is not a liability (a liability would arise only for subscription received in advance for a future year).

Subscription for the Income and Expenditure account = 300 members × ₹100 = ₹30,000 (the amount earned for the current year).

The Income and Expenditure account follows the accrual concept — it records the subscription earned for the current year, regardless of when cash is received.

• Amount due for the year = 300 members × ₹100 = ₹30,000.
• The ₹200 due but not received is part of this ₹30,000 (it belongs to the current year, just not yet collected), so no separate addition is needed.
• The ₹300 received in advance belongs to next year, so it is excluded from the current year's income.

Hence the subscription shown in the Income and Expenditure account = ₹30,000. This subscription treatment is a standard test in the Tamil Nadu HSC Class-12 Accountancy not-for-profit organisation chapter.

Audit fees, electricity charges and telephone charges are all revenue expenditure, but life membership fees is a capital receipt — so option (c) is the odd one out.

In the Accounts of Not-for-Profit Organisation topic of the TN HSC Commerce syllabus, items are classified as revenue or capital:

• Audit fees — a recurring expense → revenue expenditure (debited to Income and Expenditure A/c).
• Electricity charges — a recurring running expense → revenue expenditure.
• Telephone charges — a recurring running expense → revenue expenditure.
• Life membership fees — a lump sum paid once by a member for lifelong membership; it is a capital receipt added to the Capital Fund (or treated per instructions), not an expense.

Three items are of the same nature (revenue expenses shown on the debit side of the Income and Expenditure Account), while life membership fees is different in nature (a receipt, and a capital one at that). Hence it is the odd one out.

A donation received for a specific purpose is a capital receipt.

In the Tamil Nadu HSC Class-12 Accountancy syllabus, donations to a not-for-profit organisation are of two kinds:

• General donation of a small/recurring amount → treated as revenue receipt, credited to the Income and Expenditure Account.
• Specific (special-purpose) donation — received for a stated purpose such as a building fund or prize fund → treated as a capital receipt, credited to a separate fund and shown on the liabilities side of the Balance Sheet; it can be spent only on that purpose.

Since the donation here is tied to a specific purpose, it is a capital receipt, not revenue income or expenditure.

Subscription for the year = 500 members × ₹100 = ₹50,000, so option (b) is correct.

In the Income and Expenditure Account we show the subscription earned for the current year, not the cash actually received. When every one of the 500 members pays an annual subscription of ₹100, the amount earned for the year is fixed:

500 × ₹100 = ₹50,000.

The extra data given are distractors here, because the ₹50,000 already represents the full year's income for all 500 members:

• Subscription due but not received (₹200) is part of this ₹50,000 (income earned, cash still to come).
• Subscription received in advance (₹300) belongs to next year and is excluded from this year's income — but it is already outside the ₹50,000 current-year figure.

So the amount credited to the Income and Expenditure Account for the current year is ₹50,000.