A trader has made a sale of Rs.75,500 out of which cash sales amounted to Rs.25,500. He showed trade receivables on 31-3-2014 at Rs.25,500. Which concept is followed by him? a) Going concern b) Cost c) Accrual

A trader has made a sale of Rs.75,500 out of which cash sales amounted to  
Rs.25,500. He showed trade receivables on 31-3-2014 at Rs.25,500. Which concept is followed  by him?
a) Going concern
b) Cost  
c) Accrual
by

1 Answer

Answer :

c) Accrual
by

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