what is MERCANTILE Accounting system?
how many accounting systems are followed in India
- 2 Answers
- 6243 Views
- DBS, I also Faced
- E-Mail Answers
Answer Posted / venkatesh
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.
In-other words it is a system of Accounting where amount
paid or payable is recorded. Presently every company is
following this.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
why cost center is assign to gl account in sap
I AM APPLY FOR CLERICAL CADRE IN SBI. SO ANYONE SEND ME QUESTION WITH ANSWERS, WHICH ARE RELATED TO THAT JOB. MY EMAIL ID IS shawetasingh24@gmail.com
income from depreciated asset is profit or loss?
what are the types of provisions that you would make for the end of a financial year?explain
Do I need a waybill in the following case:- If I purchase (on bill) small quantity goods (like artificial jewelry) from one state (say Delhi) and transports it personally (say via flight) to other state (say West Bengal) along with my personal belongings and then I put them to sell through my boutique in that state. Do I need waybill? If yes, what will be the procedure? Do I need to pay entry tax at WB? What will be the procedure? Am I doing anything unlawful while transferring goods personally? Please give your advice. Regards, Manoj
When is a dedit note raised When is an expense booked
Short Answer on __________Event
How can i get GR form (GR No.) for Exports ? please give me a link of website with steps ?
Can anybody send me Interview questions & Answers to me IN Accounts & finance my Mail ID - virupaksha_krt@rediffmail.com
how to download online - old ECR CHALLANS
what are the different kinds of cash books
Is interest of a business unit Operating Expense or Non Operating Expense
If DEBT/EQUITY ratio 2:1, is to good or bad for a company? how...??? can u explain it...???
Why we reconcile our debtors? what steps we taken during reconciliation.
What do you mean by Adjustment
