Accounting method

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
25 October 2015 Can someone shown withdrawal amount from his business after the end of 31st march of preceding year (after 4-5 months and after preparation of accounts) on accrual basis without cash or bank transaction.

25 October 2015 How will you show this then

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
26 October 2015 Is it not possible before accounts - audit preparation and if withdrawal left out by mistake.


26 October 2015 but how that will be without effecting cash or bank

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
26 October 2015 then is any other mode for showing withdrawal

26 October 2015 I don't think so anything left.......

what type of entry you forget to show

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
26 October 2015 actually earlier withdrawal are taken as accural system and for last year accountant left it by mistake, and now accounts are under audit, so as per scrutiny purpose, is that attract demand liability ?

27 October 2015 I truly didn't got your point.. withdrawal cant b on accrual basis.. it always on actual or cash basis




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries