What is the defination/meaning of Mercantile Accounting?
- 11 Answers
- 98090 Views
- I also Faced
- E-Mail Answers
Answer Posted / agin
It is a system in which accounting entries are made on the basis of amount having become due for payment or receipt. This system recognizes the fact that if a transaction or an event occurred, its consequences cannot be avoided and therefore, should be brought into book in order to present a meaningful picture of profit earned or loss suffered.
| Is This Answer Correct ? | 42 Yes | 8 No |
Post New Answer View All Answers
Short Answer on ___________Cash Profit
What is Financial planning?
Whats the Balnace of Closing stock so if we issued the materil then the Closing stick will be dr and in case we pirchsed the materil the closing stock will be cr so tell me that i m correct or not
what is your achievements?
EXPAND___________NBFCS
what are the certificates needed at the time of SBI clerical interview?
HOW MANY ACCOUNTING STANDARDS ARE PREVAILING IN INDIA AS DECLARED BY ICAI
Expand---------MRDT
Dear All, myself B.k Singh graduate with B.Com and PGDBM - Finance, I was worked with Service Company for 6 yrs.Now past 2yrs working with Real Estate,moreover I want to some course short term, plz guide me.
Expand CASA
purchase car from toyota innova 50000 cheque from one firm and 449893 from other firm.... and 1350000 loan saction from kotak mahindra.....how can entry make with interest
give the examples of Error of Duplication?and Error of compensatin? with entries
capital introduced by partners? how it will be shown in tally? (i.e.at the place of Account what we have to post) (at the place of particulars what we have to post) (in which vocher we can post it)
how enter service bill in the tally and what is the process of service bill. aganst service charge @ 10.3%, sercharge 2% cess 1%
cany anyone explaing what are the functions of an Account Officer/Manager?
