company prepares accounts sometimes on cash basis ,
sometimes on accural basis
A)TRUE B)FALSE C)SOMETIMES TRUE D)SOMETIMES FALSE
Answer Posted / sudha
as per basic accounting concepts, it is compulsory for the
companies to follow accrual system of accounting, hence it
has to follow accrual system at any point of time
Is This Answer Correct ? | 4 Yes | 0 No |
Post New Answer View All Answers
Ram, the proprietor brought additional capital of Rs 75000/- by pledging his wifes gold.pass entry
Difference between nonoperating expentiture and non cash expenditure
example of aptitude ns
what is a Depository Participant?
what is the scenario of multi-org setup?
EXPAND_________SEC
how can i make configration relation with inflation in sap
Expand-------MUR
What are direct income and indirect income
what is mean by account concept,and how to perpare a full accounting concept journal,ledger,trail balance,and balance sheet how it will prepare in upto fainalaztion.
total capital stock
what are the purpose for the preparation of cost centre ?
What are the steps involved in converting the trail balance of a foreign branch? Explain the steps involved in incorporating the foreign branch trail balance in HO books
What is the basic difference between pledge, hypothication and mortgage????
What is Goods Lost by Fire/Accident/Theft ?