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What is the types of Accounting Method
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Answer / archana
Accounting can be done in 2 methods. They are cash basis and
mercantile basis.
| Is This Answer Correct ? | 17 Yes | 1 No |
Answer / narendra singh rawat
two method single entry system & Double entry system
| Is This Answer Correct ? | 5 Yes | 3 No |
Answer / mohammed arif
There are Two type of Accounting Cash Bases and Accrual Bases
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / suresh kumar varshas
Private or Industrial Accounting
Public Accounting
Governmental Accounting
Fiduciary Accounting
National Income Accounting
| Is This Answer Correct ? | 3 Yes | 5 No |
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Company A has purchased goods worth Rs. 25000 from company B and made the cash payment of Rs 5000 and remaining will be payable with in 30 days. Assume that there is a late payment charge @ 2% on remaining amount as the invoice was received after due date from company B. Pass the journal entry in the books of company A for all the above transactions.
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