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what is MERCANTILE Accounting system?
how many accounting systems are followed in India
 Question Submitted By :: Accounting-AllOther
I also faced this Question!!     Answer Posted By  
# 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

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