Accountancy, asked by fizaabbasi7055458210, 11 months ago

what is meant by double entry bookkeeping ​

Answers

Answered by inamul7
1

Answer:

Double entry bookkeeping is a system of accounting in which every transaction has a corresponding positive and negative entry (debits and credits)

Double entry bookkeeping is a system of accounting in which every transaction has a corresponding positive and negative entry (debits and credits)The double entry system of bookkeeping is based upon the fact that every transaction has two parts and that this will therefore affect two ledger accounts.

Explanation:

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Answered by shivani220137
1

Answer:

hlo buddy

Explanation:

it means that for every business means that for every business transaction amounts must be recorded in a minimum of two accounts

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