What is the difference between Cash accounting System and Mercantile system of

What is the difference between Cash accounting System and
Mercantile system of accounting

Question Posted / satyaki_raju@yahoo.co.in

1 Answers
5535 Views
I also Faced
E-Mail Answers

What is the difference between Cash accounting System and Mercantile system of accounting..

Answer / deepika

In cash accounting system, expenses and incomes are
recorded in the books only when they are paid or received
respectively.

Whereas in mercantile system of accounting, expenses and
incomes are recorded in the books as soon as they become
due.

Is This Answer Correct ?

8 Yes

0 No

Post New Answer

More Accounting AllOther Interview Questions

EXPAND______________RTA?

3 Answers

what is depreciation, what isdouble entry,alltypes of assets,alltypes of liabilities

3 Answers HP,

Explain sensex?

3 Answers

Which Exchange determine Foreign Exchange/Currency Rate?

0 Answers

WHAT IS THE DIFFERENCE BITWEEN RESERVE & PROVISION?

3 Answers Genpact,

housing loan taken from tata capital housing finance ltd.,how can entry make with interest with sanction amount and documentation charges

1 Answers KMS,

Expand ________CAP

3 Answers

What is deferred Tax, deferred Assets & deferred liability ? What is the procedure to calculate?

3 Answers George Group,

what is the meaning of service tax?

9 Answers iN Technologies,

what are the type of t.d.s. entries ?

3 Answers Wipro,

Define Drawee

2 Answers

How to decide the number of voucher files to be maintained ? What are the possible voucher files?

1 Answers

For more Accounting AllOther Interview Questions Click Here