Account treatment of receivable some income
This query is : Resolved
11 August 2021
Sir,
It assess some income receivable in the next finicial year.if a person income included gross total income or deducted business income and account receivable income reported next year or receivable income not considered in it act.
It assess some income receivable in the next finicial year.if a person income included gross total income or deducted business income and account receivable income reported next year or receivable income not considered in it act.
11 August 2021
Account receivable consider it as current year income. Consistently follow accrual basis of accounting.
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