Question

Write any four examples of double entry system ?​

Answer 1

Answer:

Examples of Double Entry

Purchase of machine by cash. Debit. Machine. Increase in Asset. ...

Payment of utility bills. Debit. Utility Expense. Increase in Expense. ...

Interest received on bank deposit account. Debit. Cash. Increase in Asset. ...

Receipt of bank loan principal. Debit. Cash. ...

Issue of ordinary shares for cash. Debit. Cash.