Question

what is double entry system​

Answer 1

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ello

υ r anѕwer...

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a accoυnтιng ѕyѕтeм ιn wнιcн record тwo aѕpecт oғ every вυѕιneѕѕ тranѕacтιon

e.g ] deвιт or credιт

тнιѕ ѕyѕтeм oғ accoυnт ĸnown aѕ doυвle enтry ѕyѕтeм

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Answer 2

ANSWER

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Double entry system of accounting was developed in the 15th century in Italy by Lucas pacioli redefined it as a method of arranging accounts in such a way that the dual aspect present in every account transaction would be expressed by debit amount and an equal and of setting credit amount every business transaction has two aspects under the double entry system both the aspects of every transactions are recorded does the double entry system may be defined as the system which recognise the chords both the aspects of transaction.

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