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Cash bassis Accounting System

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(Querist)
30 April 2009 Give me some advise for entries of credit sale and credit purchase in cash basis accounting systems.
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CA Tilak Raj Sharma

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CA Tilak Raj Sharma (Expert)
30 April 2009 credit purchase and sales are not recorded in cash basis of accounting. On cash and bank transactions are considered.
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Manmohan ACA, CS

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Manmohan ACA, CS (Expert)
01 May 2009 not recorded
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