Tuition fee to be credited to Income and Expenditure account is:

The correct option is 5,25,000.

To determine the tuition fee to be credited to the Income and Expenditure Account, we must adjust the tuition fees received during the year to reflect only the income that belongs to the current accounting period (on an accrual basis). Let's assume the standard adjustments for outstanding (due but not received) and received in advance (prepaid) tuition fees:
1. Tuition fees received during the year are adjusted by adding the outstanding tuition fees at the end of the current year (as this represents income earned in the current year but not yet received).
2. Subtract any outstanding tuition fees at the beginning of the year (as they relate to the previous year).
3. Subtract any tuition fees received in advance at the end of the year (as they relate to the next year).
4. Add any tuition fees received in advance at the beginning of the year (as they relate to the current year).

Based on the provided options and the correct answer of 5,25,000, we apply the accrual concept of accounting where:
$$\text{Tuition Fee Credited to Income \& Expenditure A/c}=\text{Tuition Fees Received}+\text{Outstanding at the end}-\text{Outstanding at the beginning}-\text{Received in Advance at the end}+\text{Received in Advance at the beginning}$$
This calculation yields the net income of 5,25,000 for the current academic/accounting year.