Question

During the financial year 2017-2018. Mohan had cash sales Rs 90,000 and credit sales Rs60,000. His expenses for the year were Rs 70,000 out of which Rs 30,000 is still to be paid . find out Mohan income for 2017-18 following cash basis and accrual basis of accounting

Answer 1

Answer:

Mohan income= 90000

Mohan expenses= 70000-30000=40000

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Explanation:

Sorry that I can't explain right now I will tell u later