Question

Vijay, a consultant, during the financial year 2018 19 enrned 7 4,00,000. Out of which
he received * 3,50,000. He incurred an expense of 7 1,70,000, out of which ? 40.000 are
outstanding. He also received consultancy fee relating to previous year? 45,000 and also
Conce
debita
DONG
paid 20,000 expenses of last year,
You are required to determine his income for the year if
(i) he follows Cash Basis of Accounting and
(ii) he follows Accrual Basis of Accounting.


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Answer 1

Answer:

hnamamsmanannsnsmsnsmammaka I am not in a good mood to pay the bill to be in a couple hours to go and see the car and give me your plans e we ii I have a good friend to get the ball is rolling r

pohyyiiuuuh I am so sorry to pay for a room I think I