Accountancy, asked by kartikbhoriya25, 1 year ago

what is double entry system

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Answered by armaanian

The double entry system of accounting means that every business transaction will involve two accounts (or more).

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Answered by sai140

The double entry system of accounting or bookkeeping means that every business transaction will involve two accounts (or more). For example, when a company borrows money from its bank, the company's Cash account will increase and its liability account Loans Payable will increase.

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