explain deshi nama system and double entry system
Answers
Explanation:
From the viewpoint of accounting principles, there is a good deal of similarity between the two systems. However, because of its peculiarities, Deshi Nama system shines out against other systems. In this system, the books are known as 'Vahi' and therefore the system is also known as 'Vahi Khata paddhati'.
Answer:
From the viewpoint of accounting principles, there is a good deal of similarity between the two systems. However, because of its peculiarities, Deshi Nama system shines out against other systems. In this system, the books are known as 'Vahi' and therefore the system is also known as 'Vahi Khata paddhati'.
Double-entry bookkeeping, in accounting, is a system of book keeping where every entry to an account requires a corresponding and opposite entry to a different account. The double-entry has two equal and corresponding sides known as debit and credit. The left-hand side is debit and right-hand side is credit.
Explanation:
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