Vinod Pandey shall be 32 years of age on 1st Aug, 1993. He has mastered the understanding in drawing and has good performance in IIG Welding.
Ans. (d) Conidition I is satisfied instead of Condition A.
Parth has an accounting year ending on 31st March. He receives rent quarterly in advance amounting Rs. 45,000 on 1 January, 1 April, 1 July and 1 October but for the current year, he received the rent on 31st March instead for 1st April. What shall be the amount of rental income to be recorded in the profit & loss account for the year?