HELLO FRIENDS, CAN ANYBODY TELL ME MY CLIENT IS RUNNING HIS PRIVATE HOSPITALTHEY DONT SELL ANY MEDICINES BUT THEY PURCHASE THE MEDICINES AND CONSUMED IN THE TREATMENT OF PATIENTS.
CAN I SHOW ONLY OPG. STOCK +PURCHASES -CLG. STOCK IN THE INCOME AND EXPENDITURE A/C
ONLY STOCK CONSUMED AND SHOW THE CLG. STOCK IN BALANCE SHEET.
IS THIS TREATMENT CORRECT.
CAN I ALSO MAINTAIN THE A/C ON CASH BASIS OR MERCHANTILE BASIS BEACUSE THERE ARE SOME AMOUNT DUES TO THE CREDITORS AT THE YEAR END.
CAN I MAINTAIN THE BOOKS ON THE MERCHANTILE BASIS.
PLS. HELP ME.
THANKS.
CAclubindia
