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Querist : Anonymous

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Querist : Anonymous (Querist)
15 January 2010 Can an individual having two businesses, follow two accounting methods. please let me know with section or rule.
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veena

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veena (Expert)
15 January 2010 You can follow mercantile system for one business and cash system for other one depending upon the nature of business. But once u decide a method u have to follow it consistantly.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
15 January 2010 Agree
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