Cash basis & due basis
This query is : Resolved
25 August 2012
Dear sir,
Please explain cash basis and due basis under the head salaries with examples
Thanking you
Regards
RAMESHA.M
Please explain cash basis and due basis under the head salaries with examples
Thanking you
Regards
RAMESHA.M
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).
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).
Message likes :
1 times
25 August 2012
Agreed with the reply
Message likes :
1 times
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
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
