Interested to Buy Any Domain ? << Click Here >> for more details...
what is the meaning of double entry system & Double entry
system?
- 8 Answers
- 14960 Views
- Bhel, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / sk arun kumar
Double entry book keeping system is the dual aspect of
entering the transactions on both the sides-i.e. the amount
of a business transaction is entered on both the sides i.e.
on the debit and also on the credit side of an account.
| Is This Answer Correct ? | 23 Yes | 3 No |
Answer / geetha
The double entry system is the one transaction is entered
in both sides of accounting books. Once it is debited and
again it is credited.
| Is This Answer Correct ? | 6 Yes | 1 No |
Answer / narasimha rao
BOTH ASPECTS OF TRANSACTION ARE RECORDED IN ACCOUNTING
BOOKS IS CALLED DOUBLE ENTRY SYSTEM BOTH ASPECTS ARE ONE
IS DEBIT AND SEACOND IS CREDIT
| Is This Answer Correct ? | 8 Yes | 5 No |
Answer / shameem
Entering both aspect of the accounting is named as "double
entry book keeping".one is named as 'debit' and another
is 'credit'.Hence for every debit there will be an equal
and corresponding credit.
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / jaivardhan singh jadon
as a system of accounting in which out of the two aspects of
a transaction,one aspect is debited and the other aspect is
credited accoding to certain prescribed rules.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / narasimha rao
both aspects of trasaction are recorded in accounting
books that is called double entry system one is dr
another is cr
| Is This Answer Correct ? | 5 Yes | 3 No |
Answer / saraswati panda
The need for maintaining the a record of income and
expenditure in a clear and systematic manner or the art of
recording and summarising in terms of money transactions
events of financial character interpreting the results
thereof.
| Is This Answer Correct ? | 2 Yes | 1 No |
how do you prepare the mis reports and prepare the one example report stating your accounts department proforma
What is a Mutual Fund and its types?
In Oracle Applications will Translation will create any journal entry then what is the journal entry what are the accounts affected
In case of cement plant we have to capitalizee locomotive engine my question is about the rate of depreciation on SM basis and category in which it should be capitalize?
What is an internal invoice?
what is portfolio management? and what is zero based budget?
A company acquires new taxi fleets on 1April 2006 with intention to provide services during the World Cup period and thereafter dispose the taxis .The World Cup runs for three months to 30 June 2006.The company's year end is 30 June 2006.how do you account for taxis at initial recognition .
What is Performance Share?
1. Fdr mature with interest
why net profit will be added to the balance sheet? is there any reason?
what salary you expect???
what is the cost and financial accounting? what is double entry system ?
Audit 
