Question

Q11- 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.
(3)

Answer 1

Answer:

During the financial year 2018-19 mohan had cash sales of ₹90000 and credit sales of ₹60000. His expenses for the year were ₹ 70000 out of which ₹30000 is still to be paid

Explanation:

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