during the financial year Ashok had a cash sales of 390000 and credit sales 160000 his expenses were 270000 out of which 80000 yet to be paid calculate Ashok income on cash bases.
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During the financial year 2018-19, Ashok had cash sales of Rs. 3,90,000 and credit sales of Rs. 1,60,000. His expenses for the year were Rs. 2,70,000, out of which Rs. 80,000 is still to be paid. Find out Ashok's income for 2018-19 following the cash Basis of Accounting.
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