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Categories >> Accounting >> Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions (422)
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 Accounting General interview questions  Accounting General Interview Questions (2781)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4351)
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
 
difference b/w public and private company?   1
What are accounting standards? CTS 2
what is the difference between charge & appropriation Capital-IQ 2
what is meant by MIS reporting   4
Mac Purchased on 15th Jan 12000/- 30th June Machinery damaged due to Fire Accident 31st Dec received the Insurance Premium 13000/-. Pass the Journal Entry for all the above three Genpact 23
what is the use of activity based costing, process costing, product costing, what are the steps followed for the same Bosch 1
what is inflation accounting   1
Why did you leave previous job? ICICI 5
EXPAND_________WAIS   1
what is business entity concept?   20
WHAT IS INDIREDT EXPENSES CTS 6
contiagent liabilty Genpact 5
 
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