For a person like me following cash system of accounting, please advice me regarding what needs to be considered as the "date of receipt of money" in case of a payment which i received via cheque. See the case below:
Date of issue of cheque (by the issung company):01-03-2019
Date i received the cheque: 26-03-2019 (Citi bank cheque)
Date on which i presented the cheque at my branch (SBI): 30-03-2019
Date on which money gets credited in my account: 02-04-2019
Which amongst the above date is the date i have to show as the "date of receipt of money" when i am following a cash system of accounting?
CAclubindia
