Calculate income for the year 31st March, 2020 by using a) cash basis b) Accrual basis
Receipt of fee from services during the year Rs. 3,05,000 (including Rs. 15,000 for 2020-21)
Expenses incurred during the year Rs.2,10,000 (out of which Rs. 20,000 are outstanding at
end)
Expenses of last year Rs.25,000 paid during current year.
Fee earned but not received for the current year Rs.10,000
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- 1 Introduction to Accounting
- 2 Bank Reconciliation Statement
- 3 Financial Statements I
- 4 Application of Computers in Accounting
- 5 Basic Accounting Terms
- 6 Theory Base of Accounting, Accounting Standards and International Financial Reporting Standards (IFRS)
- 7 Bases of Accounting
- 8 Accounting Equation
- 9 Accounting Procedures - Rules of Debit and Credit
- 10 Origin of Transactions - Source Documents and Preparation of Vouchers
- 11 Journal
- 12 Ledger
- 13 Special Purpose Books I - Cash Book
- 14 Special Purpose Books II - Other Books
- 15 Trial Balance
- 16 Depreciation
- 17 Provisions and Reserves
- 18 Accounting for Bills of Exchange
- 19 Rectification of Errors
- 20 Financial Statements of Sole Proprietorship
- 21 Adjustments in Preparation of Financial Statements
- 22 Accounts from Incomplete Records - Single Entry System