difference for cash system account
and mercantile system accounting.
Menu
accounting system
Replies (3)
In cash basis transactions recorded on the basis of actual payment of amount
In mercantile system accrual principle is followed
professionals and traders maintained cash or mercantile system accounting
professionals maintain cash system and traders maintain mercantile system
Recent Topic
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
Related Topics
CAclubindia
