Only in case of Company accrual basis is compulsory rest in other types like in firm, AOP or sole proprietorship it will be free to choose any kind of base.
2.Which of the following methods of accounting is compulsory to adopt for Firm?
► Accrual Basis
► Cash Basis
► Both Accrual and Cash Basis
► Free to choose any kind of base
3.Which of the following methods of accounting is compulsory to adopt for company?
► Accrual Basis
► Cash Basis
► Both Accrual and Cash Basis
► Free to choose any kind of base
4.Which of the following methods of accounting is compulsory to adopt for aop?
► Accrual Basis
► Cash Basis
► Both Accrual and Cash Basis
► Free to choose any kind of base
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