Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / preethi.j
it is a system in which accounting entries are made on the
basis of amounts having become due for payment or
receipt.Inshort credit basis or accrual basis of
Accounting.since it is followed by merchants,trade &
industry ,termed as Mercantile system
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
I have interview in Accenture,already anyone attend the interview, kindly gave some information about accounts interview & also about the company.
Define balancing in accounting?
what is the basic difference between pooling of interest method and purchase method in amalgamation
pass journal entries of the following transaction in the books of AG sindh, AGPR,FTO and SBP: 1)DDo sindh house submitted a bill for purchase of furniture to AGPR islamabad for Rs.200000 on 20th March 09; 2)AGPR issued cheque on 2nd april which was cleared by SBP on 5th April; 3)On 26th may, voucher were exchanged in the clearing house; 4)On 28th May, AG sindh issued advise to settlement to SBP karachi; 5)On 5th june,SBP HQ karachi sends a copy of clearnce memo along with bank statement to AG sindh and AGPR for settlement made on 31st May.
ABC LTD IMPORTED GOODS FROM USA FOR $20000 ON 1/1/11 AT A EXCHANGE RATE OF RS.47.55. THEY MADE A PAYMENT OF $12000 ON 15/1/11 AT A RATE OF RS.45.95. BALANCE PAYMENT WAS MADE ON 25/1/11 AT A RATE OF RS.49.10
I WRITE GROUP-4 EXAMINATION.I STADIYING INTERMEDET HOW MANY PARSANTEGE OF GROUP-4 EXAMINETIN
give me examples of the accounting reports you have prepared
WHAT IS CORE ACCOUNTING, GROUP CONSOLIDATION ? CONSOLIDATED ENTRY. COULD YOU GIVE ME AN EXAMPLE
how many invoice types are there in accounting and what is the satutary obligations for each invoices and waht are the basic differences in those invoices.
Can you name any other accounting application?
Definition of push down accounting
What would be journal entry for--Encashed a bank draft belonging to X? Ans as given in textbook is Bank account debit to Cash account credit.......But shouldnt it be Cash account debit to Bank account credit...Wat do u guys feel??And do explain ur answers..Thnx in advance
Explain what are the rules for debit and credit for different accounts to increase the amount in your business accounts?
swagat staryed business on 1st jan 2005 with cash on hand Rs. 10000
What are the disadvantages of manual accounting?
