Accountancy, asked by jaanj, 1 year ago

who invented the double entry system of bookkeeping​

Answers

Answered by shysoncb
1

Double-entry bookkeeping, in accounting, is a system of bookkeeping so named because every entry to an account requires a corresponding and opposite entry to a different account. The double entry has two equal and corresponding sides known as debit and credit. The left-hand side is debit and right-hand side is credit. For instance, recording a sale of $100 might require two entries: a debit of $100 to an account named "Cash" and a credit of $100 to an account named "Revenue."[

Answered by lubnashaikh2002
1

The double entry account system is introduced by viveknas monk Lucia

Similar questions