Shyam made cash sales of ₹ 3,20,000 and credit sales of ₹ 1,80,000. His
expenses for the year were ₹ 3,50,000, out of which ₹ 10,000 is yet to be
paid. What will be the income of Ram on accrual basis of accounting
Answers
Answered by
4
Answer:
I = R - E
= ( 320000 + 180000) - ( 350000 + 10000 )
= 140000
Explanation:
i think so that this can be the answer .
Answered by
3
Answer:
income of ram will be ₹1,40,000
Explanation:
As he earn ₹3,20,000 and his credit sales that is his debtor is 1,80,000 so first we will add 3,20,000 and 1,80,000 which is ₹5,00,000 then we will add our expenses that is 3,50,000 with 10,000 which we have to paid later on so when we will add it.it will be ₹3,60,000 . Now subtract 5,00,000 - 3,60,000 it will be ₹1,40,000
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