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Cash Accounting System

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 April 2011 Under cash accounting system if one receives the cheque on 31st March, 2011 after the banks working hrs. Than in which year he should book the Income. In FY 2010-11 or 2011-12?
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CA. Aryendra

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CA. Aryendra (Expert)
12 April 2011 it will be booked in the year 2011-12
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Pankaj Gandhi Jaiswal

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Pankaj Gandhi Jaiswal (Expert)
07 June 2011 Intelligent question..but practical approach and better option to take in 2011-12
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