Answer / krish......

triple entry system shows discount allowed and recived
discount,debit bank balance and credit bank balance and also
shows debit cash balance and credit cash balance......

Answer / praveenprashanthi

Momentum Accounting and Triple-Entry Bookkeeping is an
alternative accountancy system developed by Yuji Ijiri and
is the title of the 1989 monograph that he wrote.[1] It is
hard to imagine alternatives to the universal system of
double-entry bookkeeping, but this is one.

In regular, double-entry bookkeeping, changes in balances
such as earning revenues and collecting cash are recorded.
These events are recorded with two entries, usually a debit
and a credit, assigned on a given date. In momentum
accounting, changes in changes are the recognized events.
For example, an acceleration in revenue earning, such as a
$1,000 per period increase of revenues from $10,000 per
month to $11,000 per month, is a recordable event that would
require three entries to implement.

Answer / h.r. sreepada bhagi

I know about Single Entry & Double Systems of Accounting.
Now Internationally Double Entry System is recognised and
used, but came across this new 'Triple Entry System".

I am also interested to know about it, if it's indeed there
and anyone knows about it.

I am not convinced with the answer by MuniKrishna.

Answer / akasha mehar

Triple entry system have three sides of every transaction. One is debit, second is credit, or third side is the receipt side. it's like an evidence. It helps in the absence of receipts. 

Answer / duraiamuthan

A online virtual currency called BitCoin uses the triple entry system...More info about this currency can be found in the below link..http://bitcoin.org/en/faq#what-is-bitcoin

Answer / christella

The triple entry follow the double entry system (for every debit entry there is an equal and corresponding credit entry) except now, debtors and debted individually.

Answer / munikrishna

The system which consist of three way matching of the
accounts.
Cash, Receipt, and ledger are the three.

Answer / nagesh

This is a Trick question ,
No such method is invented yet.

what is depreciation ? and its entries ?

8 Answers   Genpact, HC, HCL, HP, TCS,

What are the items that are to be debited in accounting and what are the items that are to be credited in accounting?

0 Answers  

Re: one customer visit the showroom of phones and purchased the phone of Rs 750 and gave the 1000 rupees note the showroom executive didn't have the change so he take the change from next to his showroom's shop then he deliver the phone to customer with the change of rs 250.and customer went with both after sometime the shop owner of next to showroom who gave the change of Rs 1000 with angry and told the showroom executive that the note you give it to me is fake! so showroom executive gave him Rs1000 to him.so my(question) is how much the showroom executive faced the loss on this transaction. (the answer is neither 750,1000,1250,1500,1750 nor 2000) please reply the answer because its urgent with the explanation of u'r answer thankyou.

29 Answers  

what is the difference between excise duty and customs duty.

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0 Answers   IBM,

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1 Answers  

Are you comfortable with cold-calling?

0 Answers  

As there is a two types of rates of depreciation i.e as per Income tax Act & As per Company Law.But, in accounting process which of these rates should be taken ?

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Tell me about an invoice discrepancy you discovered and how you resolved it

0 Answers  

what is the relation of accounting subject with other subjects like economics commerce and statistics?

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What is the entry for provision?

0 Answers  

what is the meaning of prepaid&accruals in accounting?

1 Answers   AFI,