during the financial year 2019- 20 Shyam earned a total revenue of 470

1.	during the financial year 2019- 20 Shyam earned a total revenue of 47000 by selling the goods out of the total sale there were credit sales of rupees 130000 the total expenses for the year in Rupees 250000 out of the which rupees 30000 are still outstanding find out Shyam's income for 2019-20 as per cash basis of accounting
Answer» *On 1.1.20 X LTD. purchased fixed assets worth 2,50,000 for a consideration of 2,30,000 payable by the** On 1.1.20 X Ltd. purchased fixed assets worth 2,50,000 for a consideration of * 2,30,000 payable by THEISSUE of 20,000 fully paid equity SHARES of 10 each at a premium of 15%. After 6 months X Ltd. sold the On 1.1.20 X Ltd. purchased fixed assets worth 2,50,000 for a consideration of * 2,30,000 payable by theissue of 20,000 fully paid equity shares of 10 each at a premium of 15%. After 6 months X Ltd. sold theabove fixed assets for * 3,20,000.

during the financial year 2019- 20 Shyam earned a total revenue of 47000 by selling the goods out of the total sale there were credit sales of rupees 130000 the total expenses for the year in Rupees 250000 out of the which rupees 30000 are still outstanding find out Shyam's income for 2019-20 as per cash basis of accounting

Answer»

On 1.1.20 X LTD. purchased fixed assets worth 2,50,000 for a consideration of * 2,30,000 payable by the

On 1.1.20 X Ltd. purchased fixed assets worth 2,50,000 for a consideration of * 2,30,000 payable by THEISSUE of 20,000 fully paid equity SHARES of 10 each at a premium of 15%. After 6 months X Ltd. sold the

On 1.1.20 X Ltd. purchased fixed assets worth 2,50,000 for a consideration of * 2,30,000 payable by theissue of 20,000 fully paid equity shares of 10 each at a premium of 15%. After 6 months X Ltd. sold theabove fixed assets for * 3,20,000.

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Tois question based GISTBasie Prodquet? Gust Sales SupplyАB 2200150800118.00 to 20018.001 300 Intre statoI istrustile12.00 lo1120 Istrestaleb.Tabb Trade Details (sales and purchaseJitems opening stat I purchased sold closingo0104803oa) find out belowgiveoQuestionsCGST ,SGST , LGST final balance?1. use different lable for saleand purchas drade.Neft profit from the trade?closing stock valuations ?

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