Presentation format - NPO & Incomplete records

Accountancy

Can accounts such as - Subscriptions (income a/c, asset a/c & liability a/c) & other similar accounts be prepared in T format in working notes in exam? Or is it necessarily to be prepared in Statement format only? I have the same doubts for incomplete records too.

Sundara Gandhi

CA Inter

★ 4K+

11-Jun-21 09:52

511

Answers (2)

Yes they can be prepared in either form. ICAI questions have it in both ways

Sahibdeep Singh

CA Inter

★ 14K+

11-Jun-21 12:29

Thanks for the clarification!

Thread Starter

Sundara Gandhi

CA Inter

★ 4K+

11-Jun-21 12:56