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Which accounting methodology is required for CSS: British or American? Which accounting methodology is required for CSS: British or American?

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Old Sunday, July 25, 2010
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Default Which accounting methodology is required for CSS: British or American?
Would anyone please tell which accounting methodology is required for css, British or American Accounting system?

there are certain differences in terminologies and some account recording concepts in both systems. So, which should be practiced and use for css exam?
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Originally Posted by Raz View Post

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Originally Posted by Zohaib786 View Post
brother raz.. plz guide me about accounting and auditing.. is the british and american rules have impact on the papers.. bcz we have studied in american method. meig. uzry..hilton books..
Rules are not substantially different whereas terminology do differ. Like Debtors in British and Accounts Receivables in American. Creditors in British and accounts payable in American. Pakistani books rely more on British terminology. Paper checkers prefer Pakistani trend which is covered in M.A. Ghani's books and Petiwala's books. They have followed British terminology.
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