Question

what is double entry system and features of double entry system?​

Answer 1

Answer:

A transaction is divided into two aspects, Debit and Credit. One account needs to be debited and the other is to be credited. Every debit must have its corresponding and equal credit.

Explanation:

pls mark me as brainliest

Answer 2

Answer:

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.

Features of Double Entry Accounting system

A transaction is divided into two aspects, Debit and Credit. One account needs to be debited and the other is to be credited. Every debit must have its corresponding and equal credit.