What is the defination/meaning of Mercantile Accounting?
Answer Posted / shilpa
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 ? | 378 Yes | 31 No |
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