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Vijay, a consultant , during the …

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Vijay, a consultant , during the financial year 216-17 earned 400000. Out of which he received 350000.he incurred an expense of 170000, out of which 40000 are outstanding. He also received consultancy fee relating to previous year 45000 and also paid 20000 expense of the last year.f Ind the income if 1) he follows cash basis of accounting and 2) he follows accrual basis of accounting

Posted by Khushal Harit 8 years ago

CBSE > Class 11 > Accountancy

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