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Method of accounting

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Querist : Anonymous

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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
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Hemant Kumar

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Hemant Kumar (Expert)
21 January 2014 Mercantile System
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
21 January 2014 Its always at the option of the assessee. No given rule mandating mercantile system
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