Mercantile system
This query is : Resolved
03 February 2011
What is Mercantile system.
07 February 2011
Under mercantile system, expenses are recorded in the books when incurred and income is recorded when it is earned irrespective whether paid/received or not.
Regards, CA Shakuntala Chhangani
Regards, CA Shakuntala Chhangani
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