During the financial year 20-21, Rohan had cash sales of rs. 4,00,000 while the amount of credit sales is rs. 1,70,000.His expenses for the year were rs. 2,80,000,out of which rs. 90,000 is still to be paid. Find out his income for the year on the basis of cash basis and accrual basis of accounting.

During the financial year 20-21, Rohan had cash sales of rs. 4,00,000

1.	During the financial year 20-21, Rohan had cash sales of rs. 4,00,000 while the amount of credit sales is rs. 1,70,000.His expenses for the year were rs. 2,80,000,out of which rs. 90,000 is still to be paid. Find out his income for the year on the basis of cash basis and accrual basis of accounting.
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