Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

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


Please Help Members By Posting Answers For Below Questions

How i pass the share holders capital entry in Tally? How to set this option in Tally?

4077


• What is depreciation and the method?

2117


income from depreciated asset is profit or loss?

1542


what is the accounting conventions

4301


WHAT IS INTEGRAL ACCOUNTING

2265


1.provide a brief write up on why you consider yourself suitable for the post voting your major achievements? 2. Mention your position in the hierarchy and the levels above and below you ?

1729


Dear Sir/Madam, Executive Trainee...Finance I had been called for NTPC Group discussion and GD please guide me for getting success in GD and interview...

2507


my boss (Managing Partner of a firm) promoted along with his wife a private limited company. he and she spent some Rs. 75,000/- (approx) for the promotion of the company. i know that they usually fall under the head of preliminary expenses. but after receiving the certification of incorporation of the company how shall i repay them to the promoters i.e. what is the accounting entry in the books (initial books of accounts) for the expenditure incurred. they have kept in hand 5,00,000/- each to meet the expenses and they were allotted shares of equal to the amount. can i allot shares for a consideration of cash from and excluding the preliminary expenses. can i take cash towards the share application money (being the cash more than Rs. 20,000/-) as the company has not opened a bank account yet. please give me the detailed answer with journal entries that can be entered in tally. thank you.

1978


Please send the clerical exam questions and answers to my mail Id pinky18.02.1985@gmail.com

2268


what is OTC derivatives and Depository Trust & Clearing Corporation (DTCC) ?

4631


EXPAND_________SEC

2269


what are the important steps to take during the conversion of an accounting system.

1974


in a every intervew asking one common question why you are living current employer, which is the best answer

3072


How can someone prepared for Syndicate Bank Interviw? Do interviewer going to ask any aptitude questions or will it be similar to other PO Interviews? Answers solicited..

2023


Sir,I want to be good in accounting .Now i have got an oppurtunity to work in accounts department but i am average in accounts.So how can i improve and work with effiency guide me with ur tips.

2207