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What is Accrual (Mercantile Vs Cash System of Accounting)
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Answer Posted / chalapathi rao govada
Accral Basis AS per AS -1 " Disclosure of accounting
polocies"
Accrual concept refers recognize the revenue and
expenditure transacions as and when the occure irrespective
of their acutal receipt or payment.
As per sec 209(8) only when the company is followed the
accrual system of accounting and double entry system then
only it is assumed that proper books of accounts are
maintained by such organisation.
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hi this is sharath,from hassan ,karnataka.,., i am caled for t interv on 28th may 2009, 12 noon, at foll location.,. STATE BANK OF MYSORE STAFF TRAINING CENTRE 104/105 7TH MAIN ROAD JAYALAKSHMIPURAM MYSORE-570012. anybody who is also attendin the same interview please reply me .,.,. i am in my final yr BE EnC,MCE hassan, i wold like to know more about the interview .,., please do reply.,.,. yours friendly, sharath kumar, sharath.syss@gmail.com
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