Interested to Buy Any Domain ? << Click Here >> for more details...
Let me know the differences between singlr entry and double
entry system of accounts
- 3 Answers
- 6759 Views
- I also Faced
- E-Mail Answers
Answer Posted / bindu
In case of single entry system only one side of the entry
got posted.This system is almost all similar to cash/cheque
book register.For example assume opening balance as 10,000
debit.In case of payables this amount got decreased and
vice versa.This system used only by small organisation
where audit is not required.In case of errors, tracking
happens only through Bank Reconcilation statement.
Where as in case of double entry system for each and every
debit there should be credit with equal and opposite
amount.So tracking will be easier for each trasaction.
| Is This Answer Correct ? | 5 Yes | 2 No |
Post New Answer View All Answers
what do you mean by financial analysis and technical analysis ?
what happens to each of the three primary financial statements when gross margin decreases?
bill to addres? ship to addres? rimit to address?
What is Financial planning?
Short answer on Allowances
WHAT WILL BE THE ACCOUNTING ENTRIES IN THE BOOKS IN CASE OF A COMPANY HAVING ITS SHARE CAPITAL WHEN A NEW COMPANY (LTD OR (P) LTD) IS FORMED ?
We are running an educational institution in Karnataka,India. Is there any ceiling stating that if gross salary is upto this then only incentive or bonus can be paid?
how to maintain stock if any entry mismatch pllzz tell me short cut
MMT and MID payment how post in tally
What are the types of journal categories available in the Oracle AP?
objective of accounting
after directing tally 9 to calculate interest as per 30 day option basis on a loan account.........,it still calculates interest as per calender month when checked on to display>statements of accounts>interest payable in tally 9 ...where is the error?? how to correct the function.
in a every intervew asking one common question why you are living current employer, which is the best answer
how to do the finalise of account? what is the step? why we need to do like that?
Meaning of portfolio management?
