CA Paras jain (Audit Senior Assistant) (1544 Points)
09 November 2010Ques- A company may maintain its books of accounts according to either mercantile system of accounting or cash system of accounting but not mixed system.?
True / False
Ans. in RTP- A company may maintain its books of accounts according to double entry system of accounting {section 209(3)}
what is correct answer??
please reply as soon as possible
Sirisha
(STUDENT)
(21 Points)
Replied 09 November 2010
pls can anyone tell the list of standards on auditing that are applicable for pcc nov 2010 exams?
swapnil
(CA Final)
(598 Points)
Replied 09 November 2010
with d response paras jain question, i think this statement might be false or true also as per pratically,
but in half chance the statement might be false,
don't worry some expert interpretation r still to come.
and by d wat sirisha pls see the attachment pls see d attachment for u r response,
best of luck,
CAclubindia
