Accountancy, asked by vandit311, 1 year ago

what is double entry system?

Answers

Answered by Vickypanjiyar
1
Double entry system is a method of preparing account which affect both Debit and Credit side.
Answered by sohan61
0
The double entry system of accounting or bookkeeping means that every business transaction will involve two accounts.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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