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Accrual Accounting

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23 September 2016 Dear Experts, Could we make a payment and Recepit entry on the basis of bank Statements under Accrual basis of accounting?  Is it mandatory to make a entry through cheque book counterfoils and Deposit slips under accrual basis of accounting ? please reply.

23 September 2016 Normally NO......but in case of incomplete records, one has to find out the mean way



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