Solution-What is net income using accural and cash basis

What is net income using accural and cash basis accounting

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Reference no: EM132461290

silo company had the following transactions during Dec. 2018.

Earned services revenue on account $4,500,

Collected $2,000 in cash for services performed,

Paid $1,325 cash in salaries,

Purchased airline tickets for $250 cash for a trip in Aug. 2019.

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Question 1: What is the Net Income using Accural and Cash basis of accounting?

Reference no: EM132461290

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What is net income using accural and cash basis accounting : What is the Net Income using Accural and Cash basis of accounting?silo company had the following transactions during Dec. 2018.

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What is net income using accural and cash basis accounting

Reference no: EM132461290

Reference no: EM132461290

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