Accountancy, asked by akshit3316, 8 months ago

how many types of double entry system

Answers

Answered by ItZbLoOdSiLeNtGiRl

5

Answer:

two types

two typesDouble entry accounting, moreover, uses debits and credits in this way to track fivekinds of transactions: Revenues, Expenses, Liabilities, Equities, and Assets. Single-entry accounting, by contrast, recognizes only two types of operations: Cash inflows and cash outflows.

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Answered by shrutijain3232

0

Two types:-

1. Single entry accounting

2. Double entry accounting

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