Question

what is meant by double entry system of bookkeeping??class11 please answer this according to the book of accounts​

Answer 1

Answer:

Double entry system refers to the system in which the accounts are maintained in a book. All the transactions of a company are maintained in this book. Double entry books have two opposite and corresponding entries that are known as credit and debit. The right side is the credit and the left side is the debit.

Explanation:

what is meant by double entry system of bookkeeping??class11 please answer this according to the book of accounts

Answer 2

Answer:

The double-entry system is an accounting system which affects at least two accounts simultaneously with every transaction. Two such examples are debit and credit account.

Explanation:

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