what is mercentile system in accounting
Answer / preethi.j
it is a system in which accounting entries are made on the
basis of amounts having become due for payment or
receipt.Inshort credit basis or accrual basis of
Accounting.since it is followed by merchants,trade &
industry ,termed as Mercantile system
Is This Answer Correct ? | 1 Yes | 0 No |
Entry of vehicle loan paid some margin money and other amount financed by bank and repayment of bank loan?
Mutual Funds
salary entry with briefly including pf,esi,employee advances -journal entry with against payment entry
is investing in equity or mutualfund is better?
What Is The Difference Between Bill and Invoice.
Which account is responsible for interest payable?
Foreign currency Valuation
how many tds payable if i win 15000 only 5000 or whole amt
Diff between Income & Expenditure A/c AND P/L a/c.
PROVIDENT FUND TO BE CALCULATED ON BASIC AFTER DEDUCTION OF ABSENTS (LOP)
Capital employed
Why an Expenditure is called Differed?