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What is Double Entry System ?
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Answer / abdullah amer
Double entry system is a system in which the two aspects
of the transaction is recorded in term of Debit and Credit.
| Is This Answer Correct ? | 9 Yes | 0 No |
Answer / prakash
In double entry system every transaction affects atleast
two accounts. i.e. one debit and one credit.
ex: salaries paid by cash.
Here this transaction entry will be made by debiting
salaries and crediting cash.
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / siddaraja2020
double entry system means both receiving and givining
aspects are takes place.that is every credit has it's
corresponding debit and every debit has it's correspondig
debit.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / hemant
Double Entry systme means in the case of any transation
must be effected the two different accounts
one is dabit then one is credit
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / sandhya
double entry system is a system in which two aspects
i.e,debit & credit.
for every debit is equal to corresponding credit transcation
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / vijay gombi
Two fold aspect of each and every transaction are recording
in the same transaction is called Double Entry system.
for ex-
if one account is debited another one or more accounts
will be credited and final debit and credit balance of same
transaction must be tally
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / surendrareddy
Douuble entyr system accounting is the Cash and Bank
coloumns in to the both side of the book.
| Is This Answer Correct ? | 1 Yes | 3 No |
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