what is the difference between cash system & mercantile system

what is the difference between cash system & mercantile
system

Question Posted / ruas2007

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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

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