Question

4. Rahul, a consultant, during the financial year 2015 -16 earned 400,000. He incurred an expense of 170,000 out of which 40,000 are outstanding. He also received consultancy fee relating to previous year 45000. Determine his income of the year according to-
(A) Cash basis of Accounting.
(B) Accrual basis of Accounting.
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Answer 1

Answer:

the basic problem is that is what

Explanation:

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