what is MERCANTILE Accounting system?
how many accounting systems are followed in India
Answer Posted / venkatesh
Mercantile System of Accounting is also Known as Accrual
System of Accounting where all the transactions are
recorded irrespective of period of Amount recived or paid.
In-other words it is a system of Accounting where amount
paid or payable is recorded. Presently every company is
following this.
Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
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...
Expand-------SNAT
1. Fdr mature with interest
.,can someone tell me how to compute the subscribed capital share?
is advance against FD or RD is treated as NPA .if EMI is not in scheduled . or classification of npa as per day is is made from sanction date or last payment date of repayment . please suggest me
how i got knowledge about custom and excise i want rate list of custome and excise how we summit return of custom and excise , Is it include with ser. tax
what is finance what is bpo why do u want join a BPO types of process in BPO Company's
What is the working formula for Working Capital Turnover
How to Calculate Mortgage?
What is the Purpose of Preparing Bank Reconciliation Statement?
While selling fertilisers can we charge VAT on excise duty.
The cost equation y= $0 + $1.60x represents which type of cost? Variable, Fixed, or Mixed
The partners agreed to take hero honda vehicle of Rams as firms vehicle by giving credit to his capital account. The vehicle was valued for Rs 65000/-Pass necessary entry
why should the company give first perference to the perference shareholders?
WHAT IS PROSPECTUS?