Accountancy, asked by pan424948, 2 months ago

discuss the characteristics of double entry system?

Answers

Answered by JayitaTarafder

1

Answer:

Features of Double Entry Accounting system

A transaction has two-fold aspects i.e. one giving the benefit and the other receiving the benefit.

A transaction is divided into two aspects, Debit and Credit. ...

Every debit must have its corresponding and equal credit.

Explanation:

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