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Write a short note on double …

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Write a short note on double entry system of accounting

Posted by Sheetal Singh 5 years, 4 months ago

CBSE > Class 11 > Accountancy

2 answers

Sameer Singh 5 years, 3 months ago

In the double entry system debit and credit both aspects are recorded. This system gives full information about transaction and we are also found exact profit or loss.

Yogita Ingle 5 years, 4 months ago

The double-entry system is an accounting system which affects at least two accounts simultaneously with every transaction. Two such examples are debit and credit account.

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