Answer Posted / priya jain
Hybrid System is not a system of accounting on its own. It is a combination of the Cash Basis Accounting and Accrual Basis Accounting. This system is based on the concept of conservatism.
Under the hybrid system of accounting, incomes are recognised as in Cash Basis Accounting i.e. when they are received in cash and expenses are recognised on accrual basis i.e. during the accounting period in which they arise irrespective of when they are paid.
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
in case dedit balance of solvent partner and in case credit balance of insolvent partner what i do for accounting on dissolution of partnershio firm give me ans. as per garrner v/s murry rule
how to solved the shares qusionas ?
hi guys, pls refer me how to preppare for Indian Bank exams.
what are the aspects an auditor has to see when he/she is doing the Purchase,Sales and Journal Vouching
INTE3RNATIONAL ACCOUNTING STD
Short Answer on ___________fluctuating capital
How to Calculate PF with interest or without interest.
what are the differences between Tally and Focus?
what do Loan Loss Coverage Ratio mens describe it with examples?
What is specific reserve
How can fictitious assets be measured or valued?
Hello Everbody....this saturday i attended the interview of times job fair...were capgemini has called me for technical round ..I am bcom graduate with tally an SAP FICO....Can any body help me ... I wan to know what is this technical round...An what they may ask me ......if any body have question an answer kindly send to my id ..that is damudi123@yahoo.com....or contact me to my number ..+919900410314.Or any body have friends working in capgemini bangalore?Please i need urgent help...thnak you with regards adnan hasan
what is automatic payment in sap fico
we are run construction (residence & commercial)last year we are sale 4 flats (16 flats apartment) registration value example:10.75 * 4 = 43.00 but we are collected from customers 45.00 total so 45 - 43 = 2.00 this amount we are booking additional agreements work amount (income)because we are standing sub contractors expendeture side 2.00, we are service tax paid or not ?
last date of tds deposit yearly,tds proforma challan
