Mercantile and cash system
This query is : Resolved
21 March 2009
Who can adept cash or Mercantile system of accounting ?
What is the major difference in cash and mercanile system of accounting ?
Can a company follow cash accounting system ?
please also tell when it can follow cash accounting and mercantile system of accounting ?
What is the major difference in cash and mercanile system of accounting ?
Can a company follow cash accounting system ?
please also tell when it can follow cash accounting and mercantile system of accounting ?
25 March 2009
professionals can adopt cash or mercantile system of accounting
in cash system cash receipts and payments on actual basis is to be accounted for whereas in mercantile system all income and exps. pertaining to financial year is to be accounted for whether reced or not and whether paid or not.
Company has to follow mercantile system of accounting only.
in cash system cash receipts and payments on actual basis is to be accounted for whereas in mercantile system all income and exps. pertaining to financial year is to be accounted for whether reced or not and whether paid or not.
Company has to follow mercantile system of accounting only.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Fixe term employment
- Is any professional CA is here please reply
- Putting a heading on received mail
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Experts need help
- Section 50-fixed asset-->building ceases to exist
- Gift Received from nonblood relative
- Foreign lottery ticket bought online from India: legality, tax and consequences
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
