Method of accounting
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 January 2014
Association of persons- whether cash or mercantile system has to follow?
pls reply me..
if they are preparing receipts & payments a/c, whether we should provide entry for prepaid & o/s expenses?
thanks
Association of persons- whether cash or mercantile system has to follow?
pls reply me..
if they are preparing receipts & payments a/c, whether we should provide entry for prepaid & o/s expenses?
thanks
Hemant Kumar
(Expert)
21 January 2014
Mercantile System
Message likes :
1 times
Nikhil Kaushik
(Expert)
21 January 2014
Its always at the option of the assessee. No given rule mandating mercantile system
Message likes :
1 times
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