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 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question 
What is mean by mercantile accounting?
 Question Submitted By :: Sandip
I also faced this Question!!     Rank Answer Posted By  
 
  Re: What is mean by mercantile accounting?
Answer
# 1		 
Mercantile system of accounting is that system of 
accounting where amount paid or payable,received or 
receivable accounted.It is also known as Accrual accounting.
Presently every company is following that.
 
Is This Answer Correct ?    8 Yes 1 No
Shilpa
 
  Re: What is mean by mercantile accounting?
Answer
# 2		 
"Mercantile accountig is a combination of acrual& cash 
bases Accounting"
 
Is This Answer Correct ?    2 Yes 3 No
Rajkumar
 
 
 
  Re: What is mean by mercantile accounting?
Answer
# 3		 
Mercantile system of accounting is that system of 
accounting where amount paid or payable,received or 
receivable accounted.It is also known as Accrual accounting.
Presently every company is following that.
 
Is This Answer Correct ?    1 Yes 0 No
Muhammad Masudul Alam
 

 
 
 
Other Accounting AllOther Interview Questions
 
  Question Asked @ Answers
 
EXPAND___________MCA  2
what is the sand box? Deloitte1
Repaid the loan taken from Sachin for the marriage out of the business. state whether the the following transcation is business transcation or non business transcation? with reson or explaination?  1
fill in the Blanks Senior citizens are exempted from Taxes if their income falls below______________  1
Expand ________ACAT  1
what is current rates of tds ? how many form are used to deposit tds?  2
what is stock market? Karvy1
EXPAND______________PCB  2
Why would dividend declared not be included when calculating net income?  5
What Entries come under Bank OCC A/c. & Bank OD A/c. ?  3
What is a General Ledger Balance? How can it be arrieved at? RBI2
Please answer the following question: "Your grandmother sends you a large check for your birthday, asking that you use the money to buy shares of stock in a company. She recommends that you review the company's financial statements before investing. What can a company's financial statements tell you about the investment potential of its stock?"  3
what is the basic difference between accounting and financing? Mafoi10
Expand---------ABCDE  4
Expand Q R  1
why is TDS treated as an asset while preparing Balance sheet.  4
Expand---------DRC  1
HOW MANY TYPES OF ACCOUNT EXAMPLE PLS SBI15
expand I M F L  1
How Many kind of expenses or Income will come under direct expenses or Income ?  2
 
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