ALLInterview.com :: Home Page      
 Advertise your Business Here     
Browse  |   Placement Papers  |   Company  |   Code Snippets  |   Certifications  |   Visa Questions
Post Question  |   Post Answer  |   My Panel  |   Search  |   Articles  |   Topics  |   Errors
   Testimonials Refer this Site  Refer This Site to Your Friends  Site Map  Contact Us      
   
 
Categories >> Accounting >> Accounting AllOther
 
 


 

 
Question What is the defination/meaning of Mercantile Accounting?
 Question Asked At ::
 Question Submitted By :: sandip.funde
I also faced this Question!!    
Answer Posted By  
 
Answer
It is a system in which accounting entries are made on the basis of amount having become due for payment or receipt. This system recognizes the fact that if a transaction or an event occurred, its consequences cannot be avoided and therefore, should be brought into book in order to present a meaningful picture of profit earned or loss suffered.

Is This Answer Correct ?    11 Yes 1 No


 
  agin
 
View All Answers