Sep 18, 2019
Double entry system in Accounting
Double entry system in Accounting #learndoubleentry #double #entry #accounts #accounting #finance #bookkeeping
The double-entry system is the record of every business transaction which has two fold aspects & effects two accounts i.e., Debit or Credit. It means receiving value on one hand (debit) and giving the value on the other hand (credit). The double-entry system is used to record entry in the journal. It is also called Dual Entity Systembecause in this every transaction has two parts or accounts: one…
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