hi expert, ihave the following query
if i maintain accounting books on accrual basis, and indirect income occured
wat can i give to debit while giving credit to respected income
can i treat that person from whom i receiving income as a debtor upto actual cash receipt.
hi frend,
ur querry is so simple buddy u should debit that income accrual a/c
thanks dear viplove
UR ENTRY SHOULD BE
DEBTORS FOR INDIRECT INCOME A/C DR.
TO INCOME A/C
CAclubindia
