what is MERCANTILE Accounting system?
how many accounting systems are followed in India
Answer Posted / 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.
| Is This Answer Correct ? | 6 Yes | 1 No |
Post New Answer View All Answers
You are working in a Company but due to certain reasons you were not able to complete the work given to you on time, so to write a Letter of Apology to your Senior regarding it.
Short Answer on _____________Accident Insurance
what is pre post expenses
what is cost centre , job costing & Budget control. what is the effect of these.Explain its briefly.
Short Answer on _________Financial accounting
What are the general Ledgers?
Distinguish capital and Revenue receipts
How to enter PO in SAP
Expand---------PED
what is the main difference between nse & bse operations
What was the most chlleging task you face while working in SAP FI/MM and how did you solve?
1.What are the basic accounting Standards ?? 2.What is the main importance of Bank Reconcilation Statement? 3. What is Form 407 in Vat ??
Short answer on _______Amendment
differed tax liability
how Mis reports are used?n why it is used ? explain