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Accounting

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Querist : Anonymous (Querist)
31 July 2015 What is meant by Mercantile System?
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Arpit Shah

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Arpit Shah (Expert)
01 August 2015 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.
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