Assess maintained a private hospital.
question:
Assess maintained accounting records books cash system or mercantile system is correct method.
2.differenace between cash system and mercantile system.
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Accounting system Question
Replies (2)
Mercantile system is appropriate for hospital accounts
Cash system is the system where transactions are recorded after cash received or paid in cash whereas in mercantile system transactions are recorded as and when it is accrued
Cash system is the system where transactions are recorded after cash received or paid in cash whereas in mercantile system transactions are recorded as and when it is accrued
In my opinion cash system is more beneficial
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