Question 3 Chapter 2 – Unimax Atul , a consultant, during the financial year 2019-20 earned Rs. 4,00,000. Out of which be received Rs. 3,50,000. He incurred an expense of Rs. 1,70,000, out of which Rs. 40,000 are outstanding. He Read More …
Question 2 Chapter 2 – Unimax Taking the figures given in above Question, find out the net income according to Accrual Basis of Accounting. The solution of Question 2 Chapter 2 – Unimax: Total Sales = Cash Sales + Credit Read More …
Question 1 Chapter 2 – Unimax During the financial year 2019-20, Sumit had cash sales of Rs. 90,000 and credit sales of Rs. 60,000. His expenses for the year were Rs. 70,000 out of which Rs. 30,000 is still to Read More …