Ques- A company may maintain its books of accounts according to either mercantile system of accounting or cash system of accounting but not mixed system.?
True / False
Ans. in RTP- A company may maintain its books of accounts according to double entry system of accounting {section 209(3)}
what is correct answer??
please reply as soon as possible
pls can anyone tell the list of standards on auditing that are applicable for pcc nov 2010 exams?
with d response paras jain question, i think this statement might be false or true also as per pratically,
but in half chance the statement might be false,
don't worry some expert interpretation r still to come.
and by d wat sirisha pls see the attachment pls see d attachment for u r response,
best of luck,
CAclubindia
