What are the important points that i have to keep in mind while performing an audit of a firm that is following a cash basis of accounting?
Menu
Audit of firm following cash basis of accounting
Replies (2)
u just have to do audit as usual u do for mercantile basis...but remember that ther will be no..provision...no expenses payable and ...u cant recognose sale/revenue on credit basis any receipt from customer whether advance or payment for due will be recognised as sale...
that is my view ...other comments are also welcome
Recent Topics :
- Foreign remittance
- Affordable Residential Flats in Gurgaon
- Manufacturing
- TAN REGISTRATION ON E-FILLING SITE
- Form 10-IEA – Continuing Old Regime
- Income tax act 2026
- Belated Return where Form 10IEA filed this year to
- GST Reconciliation Tool (2A vs Books) - looking fo
- TDS ON PF FORM 19 WITHDRAWAL
- Can a virtual office in Mumbai be used for company
Related Topics :
CAclubindia
