Solution
✅ Correct Option: 1
Tuition fee income for the period = Tuition fee received (Rs.5,00,000) + Tuition fee still receivable (Rs.25,000) = Rs.5,25,000, to be credited to Income and Expenditure Account.
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Tuition fee income for the period = Tuition fee received (Rs.5,00,000) + Tuition fee still receivable (Rs.25,000) = Rs.5,25,000, to be credited to Income and Expenditure Account.