Question

1. Dr. R. K. Das started his profession on 1st January, 2019 as medical practitioner. His incomes and
expenses for the year 2019 relating to his profession were as under:
Amount
24,000
Fees received in cash
6,000
Fees accrued but not received
6,000
2,000
6,000
Rent paid for the Chamber
Outstanding Rent
Salary paid to Staff
Salary paid in advance to Staff
(included in the above)
Miscellaneous expenses paid
1.000
200
You are required to compute the net income of Dr. R. K. Das from his profession for the year ended
31.12.2019 under (a) Cash Basis; (b) Accrual Basis.​

Answer 1

Answer:

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