Interested to Buy Any Domain ? << Click Here >> for more details...
what is the meaning of single entery system and double
entery system ?
- 4 Answers
- 14967 Views
- Suzlon, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / vijaykumarreddy
double entry -- a method of bookkeeping in which there are
two entries for each transaction, one as a debit and the
other as a credit, that check and balance each other
single entry -- a method of bookkeeping in which each
transaction is entered only once on the account books
| Is This Answer Correct ? | 26 Yes | 7 No |
Answer / dharmesh sati
Double Entry System
An accounting technique which records each transaction as
both a credit and a debit. Credit entries represent the
sources of financing, and the debit entries represent the
uses of that financing. Since each credit has one or more
corresponding debits (and vice versa), the system of double
entry bookkeeping always leads to a set of balanced ledger
credit and debit accounts. Selected entries from these
ledger balances are then used to prepare the income
statement.
Single Entry System
An accounting method in which transactions are recorded as
a single entry, rather than as both a debit and a credit as
in double-entry bookkeeping. When using single entry
bookkeeping, taxable income is just the difference between
cash expenses and cash receipts over the relevant time
period. Single entry accounting tends to be suitable only
for small companies with simple financial statements.
| Is This Answer Correct ? | 11 Yes | 3 No |
Answer / mohammed
single entry means recorded once in the financial statement
double entry means recorded twise in the financial statement
| Is This Answer Correct ? | 4 Yes | 2 No |
Answer / deepak singh
sigle entry : that's mean this is effect only one time
in book keeping .
and
double entry : that's means this is effect two different
entry in book keeping (its effect only two times different
entry in cashbook).
| Is This Answer Correct ? | 5 Yes | 7 No |
4. Operating Assets: $ 100,000 Operating Income: $ 18,000 What would be the rate of Return on Investment (ROI)?
Under which category in the balace sheet will closing stock appear
ADR DEFINE
How to pass the entry in tally for demolished of building?
how to prepare balance sheet pls tell me?
How you classify bank Account?
1 Answers Satyaki Educational Academy,
Assume that the real risk-free rate is 3% and that inflation is expected to be 8% on year 1,5% in year 2,and 4% thereafter.Assume also that all Treasury bonds are highly liquid and free of default risk. If 2-year and 5-year Treasury bonds both yield 10%,calculate the difference in the maturity risk premium on the two bonds.
what is p.f filing date pls tellme friends......?
what is the tally accounting.
1 Answers Park Controls Communication,
What is impairment of assets?
correction of sundry creotors
securtralization?
Audit 
