The 3 sites below give you a good idea of cash vs accrual basis of a/cg.
If the quantum of expenditure or income are certain and can be reasonably estimated, then accrual system of accounting shall be ideal. Otherwise, Cash basis can be adopted.
It depends on the kind of company you want to keep books for and the transactions you deal in.
Please elaborate.
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The 3 sites below give you a good idea of cash vs accrual basis of a/cg.
If the quantum of expenditure or income are certain and can be reasonably estimated, then accrual system of accounting shall be ideal. Otherwise, Cash basis can be adopted.
It depends on the kind of company you want to keep books for and the transactions you deal in.
Please elaborate.