What is the Mercantile accounting System?

Answer Posted / harsh dave

It refers to that system of accounting n which expenses and
incomes are recorded as and when they incur.it does not
take into account the outstanding/prepaid expenses and
incomes.

Is This Answer Correct ?    13 Yes 18 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How can fictitious assets be measured or valued?

1598


what are the new rules of central excise ?

1436


Define control account Thanks

1535


Why do you want to work with us

1838


Dear Sir/Madam, Executive Trainee...Finance I had been called for NTPC Group discussion and GD please guide me for getting success in GD and interview...

1960






Please send me full details of MIS report how to prepare which item to be consider in MIS report? 2) full details of Esic, PF and Fbt and maharashtra labour welfare fund

1800


What do you define in customizing for the payment program? FBZP (Any 2 Answer) • Bank subaccount ( BANK DETRMINATION SCREEN. ACCOUNTS) • Forms of the payment media ( PAYING COMPANY CODE) • Available amount (BANK DETERMINATION, AMOUNTS) • Assignments for the profit center • Prerequisites for the debit balance check

2767


What is meant by advance ruling? What is the scheme of advance rulings?

1550


Short Answer on ________Ad-Valorem Duties

1553


hi.this krishan .i m slect in axis bank for executive. when i sposse to join

1930


why specifically inited states ?

1379


how to maintain E-Commerce companies accounts

984


What is Accounting on Computers

1570


What are the different payrolls? how we calculate the exmployee payroll? how we calculate the employee salaries details?

1805


what happens to each of the three primary financial statements when gross margin decreases?

1571