Question

Q.1 During the financial
year 2018-19. Hitej earned
Rs 7,70,000. Out of which
he has received Rs
6,00,000. He incurred an
expense of Rs 2,00,000 out
of which Rs 1,20,000 is
paid. He also received an
amount from Salman
which was related to
previous year Rs 80,000
and also paid expenses of
2017-18 amounted to Rs
30,000. Determine his
income of the year, if he
follows cash basis of
accounting . (4)​

Answer 1

Explanation:

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Answer 2

Answer:

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