In the financial year 2017-18 , Aman earned a total revenue of '6,90,000.out of which '4,70,000 was received in cash . The total expenses paid by him were '4,40,000., out of which '20,000 pertains to 2018-19. The expenses of '30,000 are still outstanding. Determine Aman's income for 2017-18 as per Accrual basis of Accounting.
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Answer:
690000
Explanation:
cost of good sold is called revenue.
according to accrual basis Record income when you provide services.It doesn't matter that you didn't get the cash
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