What is the defination/meaning of Mercantile Accounting?
- 11 Answers
- 98088 Views
- I also Faced
- E-Mail Answers
Answer Posted / c d saravanan
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.
| Is This Answer Correct ? | 20 Yes | 3 No |
Post New Answer View All Answers
while passing a journal entry we rite dr. for the a/c to be debited but why don't we write cr. for the a/c which is credited and instead write 'TO'??
If DEBT/EQUITY ratio 2:1, is to good or bad for a company? how...??? can u explain it...???
what is participation right is it a debt? or not?
Office cash was stolen? state whether the following transcation is business transcation or non business transcation?
What exactly balance sheet depicts
Dear sir, I have complete B.com in march 2007, for past 4year i am doing some marketing jobs in insurance sector, now i need to change my job in accounting sector, i have heard that by doing SAP Fico there will be better opurtunity in corporate companies.
Whatis new GL & Odd G.L What is the difference between these two.
Reserve Capital and Reserve Capital
proprietor pays the hotel expenses of foreign client by his icici bank credit card. and then he pays the credit card bill by canara bank current account. how to pass entries in tally for this secnario
What is the Purpose of Preparing Bank Reconciliation Statement?
plz tell me short cut method in maths for clerck post in bank
Explain about Fluctuating Capital
which is the combine entry in ERP?
In OD Account How Many Interest Paid or Not? and second CC Account How Many Interest Paid or Not?
How can a Society be converted to a Private Limited Company in the Real Estate Industry and at the same time have the least tax liability upon it's profits earned during the financial year closing
