Cash basis system
This query is : Resolved
santosh kumar aditya
(Querist)
13 May 2016
Dear Sir,
Can we show the debtors due when we follow the cash basis of accounting system.?
exp:- In a school all students are treated as debtors at the end of FY.there are some due from them.
Now according to cash basis of accounting system how it will be shown in account??
Can we show the debtors due when we follow the cash basis of accounting system.?
exp:- In a school all students are treated as debtors at the end of FY.there are some due from them.
Now according to cash basis of accounting system how it will be shown in account??
Murtaza I Bhagat
(Expert)
13 May 2016
It shows treatment like mercantile system.
Rupesh Jain
(Expert)
13 May 2016
not to be show..................
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