Question

what is double entey system​

Answer 1

Explanation:

Double-entry bookkeeping, in accounting, is a system of book keeping where every entry 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.

Answer 2

Double Entry System of accounting deals with either two or more accounts for every business transaction. Every financial transaction has an equal and opposite effect in at least two

different accounts.