Question

give any four reasons of the popularity of double entry system accountancy question​

Answer 1

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Double-entry accounting allows you to prepare accurate financial statements because transactions are recorded to asset and liability accounts. Double-entry accounting also gives you the ability to draw a trial balance to verify that transactions are accurately recorded.

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Answer 2

Explanation:

Double-entry accounting allows you to prepare accurate financial statements because transactions are recorded to asset and liability accounts. Double-entry accounting also gives you the ability to draw a trial balance to verify that transactions are accurately recorded.