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Vijay a consultant during the financial …

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Vijay a consultant during the financial year 2012-13 earned 4,00,000 Rs. Out of which he received 3,50,000 Rs. He incurred an expense of 1,70,000 Rs out of which 40,000 Rs are outstanding. He also received consultancy fee relating to previous year 45,000 and also paid 20,000 Rs expense of last year . Determine his income for the year if he uses accrual basis of accounting

Posted by Abhik Khare 6 years, 11 months ago

CBSE > Class 11 > Accountancy

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