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what is the difference between cash system & mercantile
system
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Answer Posted / avinash.avala
If cash is received then recorded in the books irrespective
of period - In case of cash system.
If the transaction is related to the period irrespective of
cash received or not then it is recorded in the books - In
case of mercantile system
| Is This Answer Correct ? | 22 Yes | 6 No |
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