What is the disadvantage of double entry system?
Answer / Navaneet Kumar Shahi
One disadvantage of the Double Entry System is its complexity. It requires an understanding of accounting principles and careful tracking of transactions to ensure that every debit has a corresponding credit, and vice versa. This can make it more difficult for beginners to learn and use effectively.
| Is This Answer Correct ? | 0 Yes | 0 No |
the following information wads extracted ffrom the book of a business man :debtors as on 31/12/1987 $25000 bad debts during 1987 $1000.provision for doubtful debts is to be maintained at 5%. a provision for discount is also at 2%. you are required to calculate the amount set aside in respect of provision for doubtful debts and provision for discounts on debtors respectively
what is debit and credit in accounting
is we purchase any software like installation of MS Windows do we need to capitalize it or post it under head repair & maintenance A/c?
X, PURCHASE HOUSE PROPERTY IN 2005, RS 400000,AND SALE IT IN2010, RS 1800000,IF X HANDICAP, AND IN 2008 MADE SENIOR CITIZON, HOW CALCULATE IT?
HOW WE MAKE A RESERVE AND AFTER ITS USE HOW WE NIL IT PLEASE MAKE A PROPER ENTRY.
How Adjust The Amount Taken By Partners For Personal Use? Is The Entry For Drawings? Even If The Amt Exceed 5 Lakhs Or As Partners Loan If Its Not Recovered Even After 1 Year? Discribe All.
accounting concepts
what is the meaning of banking
when a customer buys a good. we have to debit bank and credit inventory equaly. but wouldnt selling a good make a profit?
ram is withdrawn goods for personal use(sales price RS.600,Cost Price Rs.500) how to pass entry
Which account is responsible for interest payable?
I WRITE GROUP-4 EXAMINATION.I STADIYING INTERMEDET HOW MANY PARSANTEGE OF GROUP-4 EXAMINETIN