Which accounting systems are you familiar with?

Answer Posted / rajaram kolle

You can simple say Mercantile system, which is nothing but
double entry system. Few country use Single entry system,
many countries use Mercantile system, as it is the modern
accounting system. Single entry system is very old.

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

company accounts introduction?

2208


what are responsibilities of an accountant in a company?

1768


Who to create a budget on software company

1620


what is mean by traditional accounting ?

1990


what is absorbtion coasting?

1844






What are direct income and indirect income

1562


institutional investors?

1546


What is the use of final account?

1399


Hi, I would like to check if my understanding is correct I have a negative amount for provision of income tax in my balance sheet from my previous financial year.What are the accounting treatments for income tax paid and then refunded to you for the current year? Is this correct? For payment Dr provision of income tax cr bank For tax refund Cr provision of income tax Dr bank Do I need to input anything in income tax expense acct?

1262


Is TDS applicable to Voice Over IP(VOIP) service to an India VOIP service provider? please provide the related acts and case studies.

1776


What is a Balance Sheet & Profit & Loss Account?

1491


what is Accounting Standers?

1697


Purchased goods worth @25000 at 10% trade discount from seven who paid 200/- as carriage on behalf of prabhakar

1625


why do think you are best candicate for this post.

1857


ER-1, ER-2,ER-3,ER-4,ER-5,ER-6,ER-7 plz tell me use of these excise form

1366