Mercantile system is followed by __________.

Merchants, trade and industry

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Doctors, lawyers, brokers etc.

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Industry, trade and agriculturist

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Multi-national firms

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Solution

The correct option is A Merchants, trade and industry
Mercantile system is the system which states that revenue and expenditure must be recorded at the time they are recognized or incurred. Mercantile is followed by Merchants, trade and industry as they get arithmetic accurate financial statements and it helps them to take important decisions.

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