ekmungai/eloquent-ifrs

This is Cash basis or accrual basis system

b2bexecutives opened this issue · 2 comments

Hi @ekmungai

Dear this package belongs to which accounting system (Cash basis or accrual basis)

Best regards

Hi there,

Exellent question. Being IFRS compliant, the package is accrual basis accounting as cash basis is not allowed by the standard. All execpt the cashflow statement of course.

Cheers.

Thanks you @ekmungai;