What is Accrual (Mercantile Vs Cash System of Accounting)

Answer Posted / charan

accrual system of accounting means where the cash
transactions are take place other than credit transactions.

Is This Answer Correct ?    3 Yes 8 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

WHAT ARE EQUITY SECURITIES?

1601


Expand-------NBTA

1650


Assets are held in the Business for the purpose of____________________

1764


How can i get GR form (GR No.) for Exports ? please give me a link of website with steps ?

2171


sir i'm having exp as a HR-Recruiter, now i'm willing to work in other areas of HR.Is learning of accounting courses such as (Payroll mgmt,TDS, service tax, vat, provident fund, gratuity fund, Tally ERP.9 )is necessary? if so, kindly guide me what all accounting courses i need to study to work in other areas of HR. or what are the qualifications required to work in other areas of HR? 2)one of my friend would like to know the job profile for Finance admin..

1553






What Kind Of Requirements for Vat Refund And Assessment Cases

1325


Can u please give me example of bonds? is National savings certificate a Bond?

2370


what are the types of provisions that you would make for the end of a financial year?explain

1481


Expand-------MUR

1631


I want to know with example of vat & Salestax

1886


How you implemented a chargeback system?

1791


define bank Draft

1822


Nike,Inc. has developed a variable-overhead rate of $10 per machine hour,and estimates fixed overhead $250,000 for production up to 100,000 units per year. If the production manager estimates 9,000 machine hours for the production of 90,000 units next year, what are estimated variable-overhead costs?

1807


what is the uniform public construction cost accounting act?

1586


Give me the asset revaluation (at the time of asset value increase & decrease) journal entrys?

1659