Forums
Cash basis or Due basis
Accountancy
Hi Sir , Prepare profit & loss account on cash basis or due basis ?
Answers (8)
Thread Starter
Balamurali Unnithan M SIf cash basis , its okei?
For companies - not allowed. Others may do.
Thread Starter
Balamurali Unnithan M SHi Sir , So we can prepare other constitutions financials on cash basis ..
You can prepare on cash basis for sole proprietors as there is no law governing them.
Thread Starter
Balamurali Unnithan M SWhy? More helpfull , explains the base little?
Cash basis is simpler. For small businesses, it is easier.
Courses
Course Guides
Offerings
CIN: U74999TG2017PTC116012 | GSTIN: 36AAECI4332C1Z0 | PAN: AAECI4332C