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What is double account system

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What is double account system

    • Posted by Ayushi Kumari 6 years, 11 months ago

    CBSE > Class 11 > Accountancy
    • 2 answers

    Aditya Sharma 6 years, 11 months ago

    Double Account System, also called Double Entry System; means a financial transaction affects at least two Accounts in opposite. In other words, when one Account is credited then other account need to be debited, because of dual aspect principle...

    0Thank You

    Ashtrix Official 6 years, 11 months ago

    Double account system means we have do debit and credit both.

    0Thank You

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