Paragraph 3 Introduction of cash basis default
United Kingdom
In section 25 (generally accepted accounting practice)—
(a)
in subsection (1), after “trade” insert “to which the cash basis does not apply”;
(b)
omit subsection (3).
United Kingdom
In section 25 (generally accepted accounting practice)—
in subsection (1), after “trade” insert “to which the cash basis does not apply”;
omit subsection (3).