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Accrual Accounting

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(Querist)
23 September 2016 Dear Experts, Could we make a payment and Recepit entry on the basis of bank Statements under Accrual basis of accounting?  Is it mandatory to make a entry through cheque book counterfoils and Deposit slips under accrual basis of accounting ? please reply.
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Amol S Joglekar

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Amol S Joglekar (Expert)
23 September 2016 Normally NO......but in case of incomplete records, one has to find out the mean way
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