cash system of accounting
This query is : Resolved
25 July 2009
We are followed cash system of accounting.
We are made a entry of expenses as and when the cheque is issued to the party ignoring the realisation of cheque.
If the cheque has been passed on next accounting year(09-10), then, is it possible to claim the expenses during this year(08-09)?
We are made a entry of expenses as and when the cheque is issued to the party ignoring the realisation of cheque.
If the cheque has been passed on next accounting year(09-10), then, is it possible to claim the expenses during this year(08-09)?
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