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?Rahul, a consultant, during the financial year 2015-16 earned `4,00,000. Out of which he received ` 3,50,000. He incurred an expense of `1,70,000 out of which `40,000 are outstanding. He als o received consultancy fee relating to previous year ` 45,000 and also paid ` 20,000 expenses of last year. Determine his income for the year if: a) He follows Cash Basis of Accounting. b) He follows Accrual Basis of Accounting? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about ?Rahul, a consultant, during the financial year 2015-16 earned `4,00,000. Out of which he received ` 3,50,000. He incurred an expense of `1,70,000 out of which `40,000 are outstanding. He als o received consultancy fee relating to previous year ` 45,000 and also paid ` 20,000 expenses of last year. Determine his income for the year if: a) He follows Cash Basis of Accounting. b) He follows Accrual Basis of Accounting? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for ?Rahul, a consultant, during the financial year 2015-16 earned `4,00,000. Out of which he received ` 3,50,000. He incurred an expense of `1,70,000 out of which `40,000 are outstanding. He als o received consultancy fee relating to previous year ` 45,000 and also paid ` 20,000 expenses of last year. Determine his income for the year if: a) He follows Cash Basis of Accounting. b) He follows Accrual Basis of Accounting?.

Solutions for ?Rahul, a consultant, during the financial year 2015-16 earned `4,00,000. Out of which he received ` 3,50,000. He incurred an expense of `1,70,000 out of which `40,000 are outstanding. He als o received consultancy fee relating to previous year ` 45,000 and also paid ` 20,000 expenses of last year. Determine his income for the year if: a) He follows Cash Basis of Accounting. b) He follows Accrual Basis of Accounting? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.

Here you can find the meaning of ?Rahul, a consultant, during the financial year 2015-16 earned `4,00,000. Out of which he received ` 3,50,000. He incurred an expense of `1,70,000 out of which `40,000 are outstanding. He als o received consultancy fee relating to previous year ` 45,000 and also paid ` 20,000 expenses of last year. Determine his income for the year if: a) He follows Cash Basis of Accounting. b) He follows Accrual Basis of Accounting? defined & explained in the simplest way possible. Besides giving the explanation of ?Rahul, a consultant, during the financial year 2015-16 earned `4,00,000. Out of which he received ` 3,50,000. He incurred an expense of `1,70,000 out of which `40,000 are outstanding. He als o received consultancy fee relating to previous year ` 45,000 and also paid ` 20,000 expenses of last year. Determine his income for the year if: a) He follows Cash Basis of Accounting. b) He follows Accrual Basis of Accounting?, a detailed solution for ?Rahul, a consultant, during the financial year 2015-16 earned `4,00,000. Out of which he received ` 3,50,000. He incurred an expense of `1,70,000 out of which `40,000 are outstanding. He als o received consultancy fee relating to previous year ` 45,000 and also paid ` 20,000 expenses of last year. Determine his income for the year if: a) He follows Cash Basis of Accounting. b) He follows Accrual Basis of Accounting? has been provided alongside types of ?Rahul, a consultant, during the financial year 2015-16 earned `4,00,000. Out of which he received ` 3,50,000. He incurred an expense of `1,70,000 out of which `40,000 are outstanding. He als o received consultancy fee relating to previous year ` 45,000 and also paid ` 20,000 expenses of last year. Determine his income for the year if: a) He follows Cash Basis of Accounting. b) He follows Accrual Basis of Accounting? theory, EduRev gives you an ample number of questions to practice ?Rahul, a consultant, during the financial year 2015-16 earned `4,00,000. Out of which he received ` 3,50,000. He incurred an expense of `1,70,000 out of which `40,000 are outstanding. He als o received consultancy fee relating to previous year ` 45,000 and also paid ` 20,000 expenses of last year. Determine his income for the year if: a) He follows Cash Basis of Accounting. b) He follows Accrual Basis of Accounting? tests, examples and also practice Commerce tests.