Accountancy, asked by priyanka1229, 6 months ago

commerce 11th
short note on double entry system of accounting.​

Answers

Answered by shravani7024
1

Answer:

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Explanation:

Double Entry System of accounting deals with either two or more accounts for every business transaction. For instance, a person enters a transaction of borrowing money from the bank. Every financial transaction has an equal and opposite effect in at least two different accounts.

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