Mr D Basu is a lawyer. Particulars of the income and expenses for the year ended 31.12.2014 are as follows:

Fees received from clients in cash	64,800
Salary of clerks and assistants paid	24,000
Rent of chamber paid (gross)	27,000
Salary of clerks and assistants outstanding	2,160
Accrued fees	14,400
Rent of chamber paid in advance (included in above)	1,800
Miscellaneous expenses	5,040
Telephone charges	2,880

You are required to ascertain Mr. Basus net income for the year ended 31.12.2014 under accrual basis. Convert the net income ascertained under accrual basis into net income under the cash basis.

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