Accountancy, asked by farsanafarsu1015, 8 months ago

what is double entry system or double entry bookkeeping?

Answers

Answered by mohamedshaheedh2712

Answer:

plz follow me on and mark as brainalist plz

Explanation:

Double Entry System of accounting deals with either two or more accounts for every business transaction. It's a fundamental concept encompassing accounting and book-keeping in present times. ... Every financial transaction has an equal and opposite effect in at least two different accounts.

Previous Question

Next Question

Similar questions

Social Sciences, 4 months ago

what were the metal used during the chalcolithic age a) alminium, stone b)stone,copper...

English, 4 months ago

change the following sentences into the affirmative or negative form:- 1.Mary wakes u at eight o'clock in the morning. 2. Tom and Susan live in a flat in New York. 3. I don't work for Ford. 4.The coach leaves at six o'clock. 5.Father doesn't read me a story every night. 6.He needs a change. 7.Both of them work not too far from here.

English, 4 months ago

closing paragraph can be started by a)to start b)to explain c)to sum up d)to begin...

Biology, 8 months ago

D n a ka coding cram ko kya kehte hai...

Social Sciences, 8 months ago