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Categories >> Accounting >> Accounting AllOther
 
 


 

 
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Question
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
Answer
# 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
Chandu
 

 
 
 
Other Accounting AllOther Interview Questions
 
  Question Asked @ Answers
 
what is the finallizition account   1
expense paid but the benefit not been received so far like deferred exp so can we consider it as a prepaid exp. L&T 5
how did you know about capitaliq? what is the meaning of iq. Capital-IQ 9
EXPAND___________MADE   1
you have been asked to prepare a bill for services .what information should be included in the bill? Banking 5
Expand ________EAMCET   4
Expand---------SPRT   1
fill in the Blanks Name the Tax levied by the commercial tax department on cinema exhibitor_______________   2
What is the difference between Finance & Accounts? Genpact 6
How Many kind of expenses or Income will come under direct expenses or Income ?   5
Difference between Provision & Reserve? HSBC 11
what is the diferenece between cost accounting & financial accounting, with example?   1
 
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