Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / aman vohra
Cash system of accounting refers to the accounting of transactions at the time of actual flow of cash/ funds. Whereas in Mercantile system popularly known as Accrual system , the transaction is recorded when it is accrued irrespective of the time of payment.
Mercantile system is widely used and is the only method of accounting allowed under International Financial Reporting Standards. Cash system, is mainly used by the NGO's and the Government organizations, not meant generally for making profits.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Expand ----------GIDB
as per partership firm TDS receivable at the end of goes to partners current account, but at the multinational company how pass TDS entry pass, where is it is goes
Expand MNS
reason for difference in Balance sheet (Asset side & Liabilites side)
HOW I CAN PREPARE A BALANCE SHEET OF A COMPANY ?
fill in the Blanks Share Holders in Company have _____________Liability
Short Answer on _____________Accident Insurance
Since the interest rates on fixed deposits are very low as compared to the other growth oriented investment options, what are the permitted investment options that a public trust like that of a private school or small credit societies have and which are permitted by charity commissioner, Mumbai
WHAT IS THE PROFILE OF FINANCE EXECUTIVE IN TEXTILE INDUSTRY
while passing a journal entry we rite dr. for the a/c to be debited but why don't we write cr. for the a/c which is credited and instead write 'TO'??
what are the differences between Tally and Focus?
How to raise my credit score if I have 500 credit score?
Hello Everbody....this saturday i attended the interview of times job fair...were capgemini has called me for technical round ..I am bcom graduate with tally an SAP FICO....Can any body help me ... I wan to know what is this technical round...An what they may ask me ......if any body have question an answer kindly send to my id ..that is damudi123@yahoo.com....or contact me to my number ..+919900410314.Or any body have friends working in capgemini bangalore?Please i need urgent help...thnak you with regards adnan hasan
We can add the no. of increase in shares due to exercise of the options.Why diluted eps is calculated separatey?
Please share different type of Z report
