What is the difference between Cash accounting System and
Mercantile system of accounting
- 1 Answers
- 5029 Views
- I also Faced
- E-Mail Answers
Answer Posted / 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 View All Answers
Expand-------MUR
write about an e-mail to manager seeking permission for leave
What is PE ratio formula ?
it is better to invest in which securities short term/long term or both? please reason4 the same
What is the relationship between, issued share capital, share premium and paid up capital?
what is the global prameters why are you selecting for the negative posting period allowed, defalult value date,proposed fisal year
total capital stock
how to maintain stock if any entry mismatch pllzz tell me short cut
Expand SOIT
EXPAND_________TOEFEL
Why do you want to work for us?
which Electrical items is Exciseible
Distinguish capital and revenue expenditure
send me accounting test ppaers
Explain why the assets of a partnership are usually revalued before the admission of a new partner or the retirement of an existing partner
