ALLInterview.com :: Home Page            
 Advertise your Business Here     
Browse  |   Placement Papers  |   Company  |   Code Snippets  |   Certifications  |   Visa Questions
Post Question  |   Post Answer  |   My Panel  |   Search  |   Articles  |   Topics  |   ERRORS new
   Refer this Site  Refer This Site to Your Friends  Site Map  Bookmark this Site  Set it as your HomePage  Contact Us     Login  |  Sign Up                      
Google
   
 
Categories >> Accounting >> Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1903)
 Accounting General interview questions  Accounting General Interview Questions (2826)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4368)
Question
What is the Mercantile accounting System?
 Question Submitted By :: Accounting-AllOther
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
Mercantile basis of accounting is nothing but the accrual
basis of accounting. In the accounting revenues are
recognised irrespective of when the cash is received
 
Is This Answer Correct ?    61 Yes 8 No
Deepa
 
Answer
# 2
It is a system where the entries for income and expenses
are not necessarily for the current financial year but for
a continuous period of time.
 
Is This Answer Correct ?    2 Yes 4 No
Raghunath Singbal
 
 
 
Answer
# 3
It refers to that system of accounting n which expenses and
incomes are recorded as and when they incur.it does not
take into account the outstanding/prepaid expenses and
incomes.
 
Is This Answer Correct ?    12 Yes 17 No
Harsh Dave
 
Answer
# 4
it is nothing but the accrual basis of accounting where
entries are made when the expenses actually incurred and
etries are made after the receipt of material,cash etc.
 
Is This Answer Correct ?    13 Yes 26 No
Shreekant
 

 
 
 
Other Accounting AllOther Interview Questions
 
  Question Asked @ Answers
 
Explain Hybrid system of accounting   1
what is the procedure to charge depreciation under provision method? please pass the journal entres showing provision method of depreciation.   1
pLAESE TELL ME ENTRY ONE PURCHASE BILL RECEIVED THERE IS PURCHASE AMOUNT 15000/- INPUT VAT 4%-600, FREIGHT CHARGE IS 400/ .SO THAT IS THE ENTRY   4
in tally where depreciation can shown? and how it can be shown?   2
what is delapidation? CA 3
Expand---------SPRT   1
Expand C T C   4
Short Answer on ___________Arbitrator   2
Short Answer on ________Preferential Creditor   1
Explain why the assets of a partnership are usually revalued before the admission of a new partner or the retirement of an existing partner   1
Are you worrying about preparation for accounts interview.Dont worry I prepared 6 sets of question papers with answer books to help you in getting a job and help the employee to get promotion with good hike in remuneration and position.I am sincerly waiting for the needy   40
HOW TO CALCULATE NAV? If investment Rs 70000 ( unit 1689.197), dividend recd.Rs.10135.18   4
 
For more Accounting AllOther Interview Questions Click Here 
 
 
 
 
 


   
Copyright Policy  |  Terms of Service  |  Articles  |  Site Map  |  RSS Site Map  |  Contact Us
   
Copyright 2013  ALLInterview.com.  All Rights Reserved.

ALLInterview.com   ::  KalAajKal.com