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dual method cash and accrual

Posted: Wed Nov 05, 2008 6:51 pm
by ooaam
hi all

can i do in ap accrual base and cash base at same time not reporting i mean some time transaction accrual base and sometimes cash base

Posted: Thu Nov 06, 2008 5:01 am
by AmanKhan
Hi,

You cannot adopt 2 accounting methods at the same time..

You simply adopt accrual basis accounting method and then u can record all kind of transactions whether accrual or cash. Read some text on accounting methods concept then your query will be solved.

Thanks,