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Honey 8 8 years ago

First write the wrong and corect entries. Reverse the wrong entry. You can cut down the same credit and debit amounts.. You'll get the rectified entry
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Honey 8 8 years ago

That will be cash ac dr, To ravi. .... When it is deposited you'll write Bank ac de, to cash.
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Aditya Yadav 8 years ago

Your concept not cleared this reason you think that account is hard

Hemant Bisht 8 years ago

You just has to understand concept bro it's very easy ??
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Sia ? 4 years, 9 months ago

In a single entry system, only single entry is recorded which can be either debit or credit transaction. On the other hand, double entry system has a double recording method in each transaction. This means that for every debit record there is a corresponding credit entry and vice versa.
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Sia ? 4 years, 9 months ago

<th>BASIS FOR COMPARISON</th> <th>SINGLE ENTRY SYSTEM</th> <th>DOUBLE ENTRY SYSTEM</th>
Meaning The system of accounting in which only one sided entry is required to record financial transactions is Single Entry System. The accounting system, in which every transaction affects two accounts simultaneously is known as the Double Entry System.
Nature Simple Complex
Type of recording Incomplete Complete
Errors Hard to identify Easy to locate
Ledger Personal and Cash Account Personal, Real and Nominal Account
Preferable for Small Enterprises Big Enterprises
Preparation of Financial Statement Difficult Easy
Suitable for tax purposes No Yes
Financial position Cannot be ascertained easily. Can be ascertained easily.
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Joya Chatterjee 8 years ago

Real account, personal account and nominal account
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Lakshita Sharma 8 years ago

No one is ready to help me??
  • 1 answers

Anshika Mishra 8 years, 1 month ago

Liabilty
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Sonali Kumari 8 years, 1 month ago

YouTube .Facebook
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