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what is the difference between cash system & mercantile
system



what is the difference between cash system & mercantile system..

Answer / avinash.avala

If cash is received then recorded in the books irrespective
of period - In case of cash system.

If the transaction is related to the period irrespective of
cash received or not then it is recorded in the books - In
case of mercantile system

Is This Answer Correct ?    22 Yes 6 No

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