Accounting policies to be adopted for university
This query is : Resolved
Nitesh Sethiya
(Querist)
18 September 2009
Hi all,
One of my friend just started a univesity and now maintained his accounts on best possible way.
Suugest me that which accounting policy have to be adopted cash basis or mercantle basis?
Tell me detailed ant accounting of a university .............his income is exempt from tax u/s 10 23c
One of my friend just started a univesity and now maintained his accounts on best possible way.
Suugest me that which accounting policy have to be adopted cash basis or mercantle basis?
Tell me detailed ant accounting of a university .............his income is exempt from tax u/s 10 23c
19 September 2009
cash basis of accounting would not be recommended at all.
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