Conversion of cash system to accrual system

krishna chandra padhy (Finance Consultant) (24 Points)

14 February 2014  

Dear All,

Presently Cash system of accounting is followed in the organisation I'm working. But from 2014-15 onwards, the same is to be changed to Accrual System of Accounting.

In this regard I solicit the following expert help:

1. Shall the provision for Expenditure of Mar'14 to be made in the current financial year, i.e. 2013-14

2. Shall the budget for the year 2013-14 to be revised to incorporate the Provision mentioned above.

With Thanks

Krishna Chandra Padhy