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 :
- Practical queries on buy back of shares
- Any faculty recommendations for latest batch recor
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
Related Topics :
CAclubindia
