Question

double entry in accountancy

Answer 1

double entry in accountancy is that mean that the every entry is considered of a same entry because every debit that it along with credit. one receive it called debit and pay is the credit .for example goods sold at rs. 1000 then the cash account is debit with rs. 1000 and sales account is created with the same amount rs. 1000 it that clear that double entry is the one receive and other giver.