Question

characteristics of the double entry system are​

Answer 1

Answer:

• Characteristics of the double-entry system are stated below; Two parties: Every transaction involves two parties – debit and credit. According to the main principles of this system, every debit of some amount creates corresponding credit, or every credit creates the corresponding debit for the same amount.

Explanation:

please mark as brain list and follow me and thank my 20 answers and rate my answers

Answer 2

Answer:

Characteristics of the double-entry system are stated below; Two parties: Every transaction involves two parties – debit and credit. According to the main principles of this system, every debit of some amount creates corresponding credit, or every credit creates the corresponding debit for the same amount.