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What is mean by mercantile accounting?
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Answer / shilpa
Mercantile system of accounting is that system of
accounting where amount paid or payable,received or
receivable accounted.It is also known as Accrual accounting.
Presently every company is following that.
| Is This Answer Correct ? | 13 Yes | 2 No |
Answer / muhammad masudul alam
Mercantile system of accounting is that system of
accounting where amount paid or payable,received or
receivable accounted.It is also known as Accrual accounting.
Presently every company is following that.
| Is This Answer Correct ? | 4 Yes | 1 No |
Calculate the current assets from the following information A>credit sales Rs.2,00,000 B>G.P.ratio 20% c>stock turnover 5 times. D>Current liabilities Rs.60,000 E>Quick ratio 0.75 Stock at the end Rs.5000 was more than the stock in the beginning.
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