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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 :: Accounting-AllOther
I also faced this Question!!     Answer Posted By  
 
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
 
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EXPAND___________LOA   1
Break-even analysis   4
What is Deposit Clearing House ? Capital-IQ 1
If the cost of work is 20000 and retantion is 5%, tds is 1% and wct is 2%. what is d total amount have to pay?   2
What types of reports and accounts should a partnership company prepare?   2
give journal entries for the following jan-1 started business with cash 50000 & loan 80000 Ascent 10
Answered but misspelled pl correct PROFIT AND LOSS ACCOUNT HELPS US TO KNOW (ANS.EENTRSULT)   1
HOW CAN I BOOKED RS.200000/ LETTER OF CREDIT(L/C)A/C WITH PARTIES THROUGH BANK IN TALLY.   1
How much time does it take for a pay order to be made?   1
INDEPENDENT BRANCHS   1
what is contingent asset Genpact 5
 
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