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Current Attempt in Progress Transactions that affect cash do not necessarily affect net income. Identify the impact, if any,
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Answer #1
Statement showing Computations
Particulars Cash Profit
a)                  (100.00)                            -  
b)                              -                    (80.00)
c)                              -                 1,000.00
d)                     830.00                            -  
e)               (6,000.00)
f)                              -              (1,200.00)
g)                 1,200.00
h)                              -                    (60.00)
i)                     485.00 -
j)                              -                    195.00
k)                              -                  (255.00)
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