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cash system of accounting

This query is : Resolved 

25 July 2009 We are followed cash system of accounting.

We are made a entry of expenses as and when the cheque is issued to the party ignoring the realisation of cheque.

If the cheque has been passed on next accounting year(09-10), then, is it possible to claim the expenses during this year(08-09)?

25 July 2009 yes, it is possible.



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