Question

5. During the financial year 2018-19, Mohan had cash sales of 90,000 and credit sales of
4. What is meant by Cash Basis of Accounting!
Accounting
260,000. His expenses for the year were 3 70,000 out of which 7 30,000 is still to be paid.
Find out Mohan's income for 2018–19 following the Cash Basis of Accounting.
R 50,000.]​

Answer 1

Explanation:

Accounting 260,000. His expenses for the year were 3 70,000 out of which 7 30,000 is still to be paid. Find out Mohan's ...