What is the defination/meaning of Mercantile Accounting?
Answer Posted / suresh
Accounting system is followed majorly in two ways
1.Mercantile Accounting
2. Cash basis
In mercantile accounting system transactios are recorded
accrual basis.
Is This Answer Correct ? | 203 Yes | 25 No |
Post New Answer View All Answers
What do we mean by the term "Securities" when we say that "Govt injecting/sucking liquidity in/out of the system by buying/selling securities?
what are the importance accounting entries for AP and AR process in interview..
drawings by making a DD from bank ( suppose payable towards UIT ) and on cancellation on such DD what journal entry needs to be passed ?
What is the difference between horizontal balence sheet & vertical balence sheet explain in detail.
How can retify the errors in the trial balance
What Is Depreciation, and from which date do we charge Depreciation for an asset ?
how to solved the shares qusionas ?
is it possible that on dealer of work contract can opt composition and non-composition both scheme in dvat?
im preparing for the sbi clerical post please send me the solved questions.
HOW CALCULATE ADVANCE TAX ? PLEASE EXPLAIN IT ?IN CASE OF FIRM, IF WE PAID FIRST INSTALMENT OF ADVANCE TAX.
what is an advance against expenses
IS ACCOUNTING MBA AND FINANCE MBA SAME OR DIFRENT
What Settlement details are required on the delivery instruction slip?
What is difference between cash flow and funds flow?
what is the reason for balance sheet not getting tallyed