Dear Sir Company not follows the consistency in accounting practice in monthly basis but same has been considering yearly basis. Like not raise the invoice in regular interval, not pass the due entry in regularly is the company in default?
22 December 2009
I think you want to say that company is not maintaining its account on regular i.e. day-to-day basis.
It does not mean that consistency is not being followed. Consistency means whatever was followed in previous years; same practices are being followed. For example; if depreciation was provided on w.d.v. basis last year; then this year also it has been provided on w.d.v. basis.
Many such companies prepapre books of account at last hours. If you are employed there; leave the organisation immediately because there is no scope of either learning or increment of salary.
CAclubindia
