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Shift to accrual-based accounting in 5 years

Shift to accrual-based accounting in 5 years
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First Published: Wed, May 06 2009. 11 32 PM IST
Updated: Wed, May 06 2009. 11 32 PM IST
New Delhi: The government plans to shift to accrual-based accounting system from the current cash-based accounting within the next five years, an official release said today.
”The conference (on accrual basis accounting) convened by Government Accounting Standards Advisory Board Tuesday deliberated the issue of migration from cash to accrual basis accounting and laid down the road map for migration process,” the release said.
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First Published: Wed, May 06 2009. 11 32 PM IST