income tax refunds should be accounted for on cash basis or
accrual basis

Answer Posted / akshitha

The answer can be Accrual Basis.

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

A crushing unit blasted 1650Mts in the month of March 2009. The rate of Royalty to be paid is rs 35/- Per MT. Advance royalty was paid rs 250000/- on 1-3-2009. pass journal entries from the advance royalty

1440


For what purpose ERS is used for?

1783


Telly ERP9 is perfect accounting softwear in excise unit.

3313


What is SOX

1696


Should I have perfect credit score, that is, above 800 credit score?

1376






what is dieerence between capital cpapital structure

1857


what are valuation accounts?

1585


Expand CCIT?

2007


What is the meaning of Debt reconciliation and how to do debt reconciliation?

1870


Distinguish between sale and consignment

1546


Ram, the proprietor brought additional capital of Rs 75000/- by pledging his wifes gold.pass entry

1777


Classify bank account, stock of stationary account, returns inward account ou$tstanding rent account and capital account into real, personal and nominal account.

1724


What is the difference between horizontal balence sheet & vertical balence sheet explain in detail.

1682


What is inter-corporate deposits? and where it is shown in balance sheet?

3261


let me know the meaning and Nature of cash

1510