Cash or accrual
This query is : Resolved
Querist : Anonymous
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.
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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