Determine which of the following method of accounting maybe used in the calculation of income under the head- “Profits and gains from business and profession” or “Income from other sources”?
a) Mercantile system of accounting
b) Cash system of accounting
c) Both of the above maybe used
d) casual accounting
a) Mercantile system of accounting
b) Cash system of accounting
c) Both of the above maybe used
d) casual accounting