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    				| 1. | Miss. Singh is a Jockey and businesswomen, determines her net income at 5,20,000 'under cash basis'. She also provides the following information for 2014-15 Credit salescredit purchasesoutstanding expensesRental income received in advance20,5001200050004200Determine the net income earned by Miss. Singh under 'Mercantile Basis'. | 
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