difference for cash system account
and mercantile system accounting.
In cash basis transactions recorded on the basis of actual payment of amount
In mercantile system accrual principle is followed
3 Replies
Kollipara Sundaraiah
(B.com)
(3005 Points)
Replied 14 June 2019
professionals and traders maintained cash or mercantile system accounting
Prakash Gehani
(Consultant & Teacher(Whatsapp 8718057907)
(1306 Points)
Replied 14 June 2019
professionals maintain cash system and traders maintain mercantile system
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