Question

During the financial year 2019.20 mr.
Ramesh had cerk Sales Of 2 5,80,000 and
Credit sales of 265.000 . His expenses are
460000 out of which at 60000 are still to
be paid, find an At Ramesh Income following
the accual basis of accounting
​

Answer 1

Answer:

23,85,000

Explanation:

Total Sales

25,80,000+2,65,000=28,45,000

Total Expenses = 4,60,000

Profit = 28,45,000-4,60,000=23,85,000