@

Illustration 7. Mr. Anil Roy, a junior lawyer, provides the following particulars for the year ended 31 December, 2012: Fees received in cash in 2013 60,000 Salary paid to Staff in 2013 8,000 Rent of office in 2013 14,000 Magazine and Journal for 2013 1,000 Travelling and Conveyance paid in 2013 3,000 Membership Fees paid in 2013 1,600 Office Expenses paid in 2013 10,000 Additional Information:- Fees include 3,000 in respect of 2012 and fees not yet received is 7,000. Office rent includes 4,000 for previous year and rent of 2,000 not yet paid. Membership fees is paid for 2 years. Compute his net income for the year 2013, under - (a) Cash Basis, (b) Accrual Basis and (c) Mixed or Hybrid Basis