Question

Double entry means that amounts are shown in the journal and ledger." do you agree? explain.

Answer 1

Double Entry is a method of book-keeping wherein you scrutinize the values of a transaction by enterring them into the debit as well as credit columns of a journal. Likely, every debit has a corresponding credit and vice versa. Also, total no. of debits must always be equal to total no. of credits.

Hope this helps, xo.