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Cash basis & due basis

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(Querist)
25 August 2012 Dear sir,

Please explain cash basis and due basis under the head salaries with examples

Thanking you

Regards
RAMESHA.M
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Ahamed

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Ahamed (Expert)
25 August 2012 Dear Reshma,

Cash basis means receipt basis.
Due basis means accrued basis.

If a Person has been employed on 1st Mar, the salary for the month becomes due on 31st Mar (Due Basis), but he receives the salary payment on 5th Apr(Cash or Receipt Basis).
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SANYAM ARORA

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SANYAM ARORA (Expert)
25 August 2012 Agreed with the reply
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