accruals basis can hmrc insist on it?

Posted by david5541 PM | on Tue, 29/01/2013 - 15:36 418 3 comments | report

can HMRC insist that the accruals principle (and hence counting debtors-opening and closing) should apply to sales? or can the income & expenditure account approach still apply if this is the methodology used for the accounts?

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My understanding is thus:

EASy | Tue, 29/01/2013 - 19:24

As EASy says

pedant | Tue, 29/01/2013 - 21:33

But ...

Old Greying Accountant | Tue, 29/01/2013 - 21:46