Accountancy, asked by shravanirshinde091, 2 months ago

what is double entry system​

Answers

Answered by ItzMissLegend
34

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 system has two equal and corresponding sides known as debit and credit.

Answered by shardakuknaa
0

Answer:

double-entry system of accounting or bookkeeping means that for every business transaction, amounts must be recorded in a minimum of two accounts. The double-entry system also requires that for all transactions, the amounts entered as debits must be equal to the amounts entered as credits.

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