Answer / chandu

mercantile system is one of the system of accounting,
according to mercantile system we prefers credit transactions we are recorded in the books of accounts.
three accounting systems followed by indian accounting
1 cash system
2 mercantile system
3 mixed system.

Answer / venkatesh

Mercantile System of Accounting is also Known as Accrual
System of Accounting where all the transactions are
recorded irrespective of period of Amount recived or paid.

In-other words it is a system of Accounting where amount
paid or payable is recorded. Presently every company is
following this.

HOW TO PASTE MORE THAN 8 PO'S (PURCHASE ORDER) IN MM posting?

0 Answers  

---

Can anybody send me Interview questions & Answers to me IN Accounts & finance my Mail ID - virupaksha_krt@rediffmail.com

0 Answers  

---

EXPAND______________IDBI

4 Answers  

---

why balance sheet should tally?

2 Answers  

---

Hi Friends, Please Help me! at the time Interview I feel very nervous, how to come out from nervous & what are question I expect for Accounts Executive level Interviews? Please Give me some suggessions, Thank U.

7 Answers  

---

why you want to join in BPO,tell about something BPO

1 Answers   CTS,

---

what is bank reconsillation statement?

5 Answers   Brac Bank, Ventile, WNS,

---

Hai i am mathi Preparing for bsrb clerical examinations.If anybody had that please mail me at mathiy@rediffmail.com

0 Answers  

---

Since minority interest is balance sheet item, and got brought foward figure, how to disclose brought forward figure in consolidation work sheet instead of we make adjustment on current year to show their share in subsidiary.

0 Answers  

---

how will i develop my fears in interviewd?

0 Answers  

---

for life insurance company, premium received from client is an asset or a liability.

1 Answers   ITC Infotech,

---

What is the full from of DR and CR ?

19 Answers   Adani, Adani Wilmar,

---