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.
Menu
Accounting system Question
Replies (2)
Quick Summary
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
Recent Topics :
- Unregistered Association of Persons (AOP) Agreemen
- Intimation u/s 245 of income tax act
- Ewaybill query
- IDS Refund: GSTR-2B Invoice Not Validated in State
- Self assessment tax paid not reflected in ITR2 fil
- Tax on nps corpus
- Tired converting GSTR-1, 2B & 3B to Clean Exce
- TDS on under construction property not deducted
- GST on Fixed Assets
- GST ITC april 22
Related Topics :
CAclubindia
