Books of accounts
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 August 2012
My frnd have business of computer software nd maintenance nd supply of comp. hardware having turnover around 10 to 15 lacs. They deal in govt tenders relatd with above work, their bills clear sometime later, as its a work of govt. So what type of books of accounts should they adopt either cash basis or accrual basis???? pls pls pls rep...
04 August 2012
Following cash basis or accrual basis of accounting depends on structure of business that whether it is company for which arrual basis is mandatory or other thatn corporate.
I suggest you to follow accrual basis to avoid confusion.
I suggest you to follow accrual basis to avoid confusion.
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 August 2012
ok. thanks alot.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Inventory of finished goods
- Sale of property furniture sale
- Filing of Form 10BB instead of Filing Form 10B
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Confusion around Form 26QB fields
- Applicability of Ind As to associate of associate
- Refund of AY 22-23
- Disallowance of Section 43B(h) to sez units
- Last year input claim shown in gstr9
- GST Registration Cancellation books of accounts asked by officer
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- HSN Details in IFF/GSTR-1 & in GSTR 9
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
