Accountancy, asked by shaktinathmurmu8825, 4 months ago

what is meant by double entry system

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Answered by Anonymous

Answer:

Double-entry refers to an accounting concept whereby assets = liabilities + owners' equity. In the double-entry system, transactions are recorded in terms of debits and credits.

Answered by Anonymous

Answer:

Double-entry refers to an accounting concept whereby assets = liabilities + owners' equity. In the double-entry system, transactions are recorded in terms of debits and credits.

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