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what is MERCANTILE Accounting system?
how many accounting systems are followed in India
 Question Submitted By :: Vinay Valmiki
I also faced this Question!!     Rank Answer Posted By  
  Re: what is MERCANTILE Accounting system? how many accounting systems are followed in India
# 1
mercantile system is one of the system of accounting,
according to mercantile system we prefers credit transactions we are recorded in the books of accounts.
three accounting systems followed by indian accounting
1 cash system
2 mercantile system
3 mixed system.
Is This Answer Correct ?    5 Yes 1 No

Other Accounting AllOther Interview Questions
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EXPAND___________MADE   1
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Expand ________EAMCET   4
Expand---------SPRT   1
fill in the Blanks Name the Tax levied by the commercial tax department on cinema exhibitor_______________   2
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Difference between Provision & Reserve? HSBC 11
what is the diferenece between cost accounting & financial accounting, with example?   1
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