Question

What Is Double Accounting System...??​

Answer 1

Answer:

Double entry bookkeeping in accounting is a system of bookkeeping where every enter 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

Step-by-step explanation:

I hope this answer will setisfy you please mark as the brain list ...........

Answer 2

Double Entry System of accounting deals with either two or more accounts for every business transaction. For instance, a person enters a transaction of borrowing money from the bank. So, this will increase the assets for cash balance account and simultaneously the liability for loan payable account will also increase.

I love u my jaan❤️❤️❤️❤️