Mercantile system
This query is : Resolved
18 August 2011
CAN A PROFESSIONAL PERSON MANITANNAED OF BOOKS OF ACCOUNTS IN MERCANTILE BASIS ? (PLEASE ALSO COVERED RULE 6F)
CA PARAS BAFNA
(Expert)
18 August 2011
It is at the option of the professional to adopt a particular system of accounting. It is expected that the system should be followed regularly.
So, if he desires he can maintain his books on Mercantile basis.
So, if he desires he can maintain his books on Mercantile basis.
18 August 2011
THANKS SIR,
BUT THERE IS ANOTHER CONFUSION ABOUT THAT SIR, THERE IS NO MENTIONED ABOUT RULE 6 FOR COMPULSORY MENTIONED BOOKS OF ACCOUNTS ON CASH BASIS FOR PROFESSIONAL PERSONS
BUT THERE IS ANOTHER CONFUSION ABOUT THAT SIR, THERE IS NO MENTIONED ABOUT RULE 6 FOR COMPULSORY MENTIONED BOOKS OF ACCOUNTS ON CASH BASIS FOR PROFESSIONAL PERSONS
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