Accountancy, asked by alexcbm8493, 28 days ago

Explain principles and advantages of double entry system

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Answered by ns1760355

Answer:

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Answered by DARKIMPERIAL

Answer:

Advantages of Double Entry Accounting system

As both the personal and impersonal accounts are maintained under the double entry system, both the effects of the transactions are recorded. It assures arithmetical accuracy of the books of accounts, for every debit, there is a corresponding and equal credit.

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