Accounting systeam

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Querist : Anonymous

Querist : Anonymous (Querist)

03 June 2014 WHAT IS MEANING OF FOLLOWING SENTENCES

" TO CHECK SYSTEM OF ACCOUNTING "

Gajendra Singh Jodha

Gajendra Singh Jodha (Expert)
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03 June 2014 To check system of Accounting means, To check whether accounting is done on CASH BASIS or on MERCANTILE BASIS.

Querist : Anonymous

Querist : Anonymous (Querist)

03 June 2014 WHAT IS MEANING OF FOLLOWING :
" TO CHECK APPROPRIATENESS OF SYSTEM OF ACCOUNTING "

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Gajendra Singh Jodha

Gajendra Singh Jodha (Expert)
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03 June 2014 TO check whether System is properly followed or not..

Querist : Anonymous

Querist : Anonymous (Querist)

03 June 2014 IF IT IS POSSIBLE FOR U THEN PLEASE GIVE ME EXAMPLE OF :
IF PROPERLY NOT FOLLOWED

Gajendra Singh Jodha

Gajendra Singh Jodha (Expert)
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03 June 2014 For Ex:-

We are booking our Revenue/Sales on Accrual basis ( When we raise the bill ).

But we book Expense on Payment basis ( When we paid them )

So, in above accounting, we are not following neither Cash basis nor Accrual basis. So, in above ex. the Accounting system is not properly followed.