Accounting methods?

[mydeen bathusha]

In payable option there are three types of accounting methods. one is accrual,cash and combined. In that how many set of books should be maintained. if it is two how to assign the primary and secondary set of books. [?]

[krajeshfun]

Hi bathusha, accounting methods are accrual,cash and none. If u r business is accrual basis take that 1,cashbasis assign to it ur sob. If u r useing seperate books for accrual & for cash you can assign both books in payables options.