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Accounting system

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(Querist)
29 May 2014 Whether a medical professional's books of accounts should be written under cash system or mercantile system.
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Nitin Bhuta

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Nitin Bhuta (Expert)
29 May 2014 at one's discretion and only in case of corporate concerns it is mercantile system.
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Rupesh Jain

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Rupesh Jain (Expert)
30 May 2014 you can adopt cash system due to professional always follows cash accounting system.
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