Hybrid Systems of accounting
This query is : Resolved
02 October 2024
whether in the case of maintain books of accounts of individual for interest received to be maintained Receipt basis or accrual basis or Hybrid systems
please reply.
please reply.
CA R SEETHARAMAN
(Expert)
03 October 2024
Account it on hybrid basis. Accrual basis on bank interest and TDS deducting interest and on cash basis others.
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