Accountancy, asked by suhaneerathoreyogika, 4 months ago

Describe the profit and loss account from journal to final account under double entry system.​

Answers

Answered by careenlyngdoh4
2

Explanation:

The double-entry system of accounting or bookkeeping means that for every business transaction, amounts must be recorded in a minimum of two accounts. The double-entry system also requires that for all transactions, the amounts entered as debits must be equal to the amounts entered as credits.

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