Question

journal entries to convert single entry into double entry

Answer 1

o convert single-entry to double-entry bookkeeping, you first need an opening statement of accounts. From this you will post all of the transactions into a double-entry journal system as a debit, then as a credit. Next, you should open two bank accounts. One should be for expenses, and the other for income.

Answer 2

To convert single entry to double entry bookkeeping, your first need a opening statement of account. You will post all of a transection to double entry journal system as debit then as credit. Next you should open a bank accounts. One should be for expases and other for income.