What is different between cash accounting & Mercantile
Accounting ?
- 2 Answers
- 6357 Views
- ITC Infotech, NIFA, I also Faced
- E-Mail Answers
Answer Posted / arpit bengani
In cashaccunting all the cash based transactions are taken
into considerations for calculating p7l for the year
irrespective the transaction is for the current or
pprevious year.
wheraes inmercantile system all expenses are allowed
rrespective of its payment and incomes are taxable on due
basis wether received or not..and moreover i is concerned
with current year only.....
| Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
As you know excellent communication skills are at the core of this position. Do you have experience with interpersonal communication in a professional setting?
bookkeeping, and accountancy,purchase procedure , Educational institutions ;, secretarial practices, Administratire and Academic rules and regulations in Government offices, Academic institutional , computer skils. etc
WHERE WE CAN USE VAT 5%,14.5%
What is your greatest achievement and why?
what is "goodwill" reserve and surplus and reserve with example
what is difference among credit, loan, advance
What is cost accountancy?
What Is Responsibility Accounting?
Write about the media role in daily life
how many view the tally backup erp9 after the tally backup in tally
salary entry with briefly including pf,esi,employee advances -journal entry with against payment entry
if my salary is 12000 per month how much i will get after deducting PF an ESI
What is meant by partitioning?
What are the objects of cost accountancy?
Why company issue shares at discount as its a loss ?
