Question

If expenses paid during the year are Rs. 30,000 including Rs. 5,000 as prepaid expenses for the next year and Rs. 2,000 outstanding expenses of previous year. The amount to be recorded as current year expenses following cash basis of accounting will be__________ *Rs. 35,000
Rs, 37,000
Rs. 30,000
Rs, 32,000​

Answer 1

Answer:

Rs. 30,000

Hope you like it

Thank you