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Can the organization use both of accrual and cash basis system in one time or not ?

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Question added by Hisham Regal , Regional Assistant , TASFD, DANIDA, TA to SFD, Carlbro
Date Posted: 2015/04/15
Tamer Elbeshbishy
by Tamer Elbeshbishy , Financial and Administration Manager , Muscat Towers Holding Group

I can give you a real life example, In fact we shouldn't do this . However, as I tell you this happened one time in my working fields because of the reporting requirements  for a multinational company.

Deleted user
by Deleted user

It is better to use one at a time depending on the nature of business operation. Utilising both at the same time will not be good since each has a different underlying concept.

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