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what are accrual or merchantile basis
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what are accrual or merchantile basis Related: 01- Some Basic Account...
Accrual Accounting is the base of present accounting. It is also known as the mercantile system of accounting wherein the transactions are recognised as and when they take place. Under this method, the revenue is recorded when it is earned, and the expenses are reported when they are incurred.
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what are accrual or merchantile basis Related: 01- Some Basic Accounting Terminologies - Class 11 - Accountancy?
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