Cash basis & due basis
This query is : Resolved
25 August 2012
Dear sir,
Please explain cash basis and due basis under the head salaries with examples
Thanking you
Regards
RAMESHA.M
Please explain cash basis and due basis under the head salaries with examples
Thanking you
Regards
RAMESHA.M
25 August 2012
Dear Reshma,
Cash basis means receipt basis.
Due basis means accrued basis.
If a Person has been employed on 1st Mar, the salary for the month becomes due on 31st Mar (Due Basis), but he receives the salary payment on 5th Apr(Cash or Receipt Basis).
Cash basis means receipt basis.
Due basis means accrued basis.
If a Person has been employed on 1st Mar, the salary for the month becomes due on 31st Mar (Due Basis), but he receives the salary payment on 5th Apr(Cash or Receipt Basis).
Message likes :
1 times
SANYAM ARORA
(Expert)
25 August 2012
Agreed with the reply
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Issuing of delivery challan by seller of goods
- Nursery business
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
