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Can a company pass the entry of brokerage in a single day for the whole month ?
Can a company pass the entry of brokerage in a Single day for the Whole Month ?
Replies (1)
Brokrage is in nature of income or Expenses for the Company.
IF it is Income then recognition will be governed by AS - 9.
&
IF it is Expenses then it would probably be recognised as and when accrued.
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