Financial statements are prepared using which basis of Accounting and why? by Mahade Hasan Forhad 193-15-13355 - Monday, 23 November 2020, 7:15 PM Number of replies: 1 Generally, external financial statements are prepared on the accrual basis of accounting, which means that assets and liabilities are recorded when they are committed to, and revenue and expenses are recorded when they are incurred Permalink In reply to Mahade Hasan Forhad 193-15-13355 Re: Financial statements are prepared using which basis of Accounting and why? by Shahana Kabir - Monday, 30 November 2020, 10:34 PM Good observation.Thanks for reply. Permalink Show parent
In reply to Mahade Hasan Forhad 193-15-13355 Re: Financial statements are prepared using which basis of Accounting and why? by Shahana Kabir - Monday, 30 November 2020, 10:34 PM Good observation.Thanks for reply. Permalink Show parent