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Cash or accrual

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 May 2014 Plz let me knw whether income and expenditure acct of NGO r prepared on accrual basis or cash basis...also what are d books maintained by such societies.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
03 May 2014 you have the option of following any method...however, most of the organizations follow cash basis..
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