CFO Question: Download Questions PDF
Tell me mercantile or Accrual System of Accounting?
In this system, expenses and incomes are considered during that period to which they pertain. This system of accounting is considered to be ideal but it may result into unrealized profits which might reflect in the books of the accounts on which the organization have to pay taxes too. All the company forms of organization are legally required to follow Mercantile or Accrual System of Accounting.
Download Chief Financial Officer Interview Questions And Answers PDF
|Previous Question||Next Question|
|Tell me convention of Consistency?||Tell me can you persuade others to see your point of view?|