Sujata during the financial year 2019-20 earned Rs.5,00,000 , out of which she received Rs. 4,00,000. She incurred an expense of Rs. 1,80,000, out of which Rs.40,000 is still to be paid. She also received fee relating to previous year Rs. 35,000 and also paid Rs.20,000 expenses of last year. Find out Sujata’s income for 2019-20 on (a) Cash Basis on Accounting and (b) Accrual Bases of Accounting.
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during the financial year 2019-20 earned Rs.5,00,000 , out of which she received Rs. 4,00,000. She incurred an expense of Rs. 1,80,000, out of which Rs.40,000 is still to be paid. She also received fee relating to previous year Rs. 35,000 and also paid Rs.20,000 expenses of last year. Find out Sujata’s income for 2019-20 on (a) Cash Basis on Accounting and (b) Accrual Bases of
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