cash basis of accounting for companies under Co's.Act1956
This query is : Resolved
04 October 2009
As per sec.209 of Companies Act,1956, all the companies registered under this act must maintain books of accounts on accrual basis, but still is there any provision for maintaing books of accounts on cash basis in certain cases ? If yes, then please let me know the certain cases
04 October 2009
No, unless specifically exempted by Central government
05 October 2009
Agree with above experts
05 October 2009
Agree
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