Question

Under the companies Act, all companies are required to maintain their accounts according to

a. Cash basis

b. Accrual basis

c. Either Cash or Accrual Basis

d. None of the above
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Answer 1

Answer:

b

Explanation:

according to accrual basis, all transactions of the current year will be recorded in the books of accounts, whether payment is made/received or not.

Answer 2

1.30900 × 1022 kilograms