Answer / b.narasimha rao

SYSTEM OF RECORDING BOTH ASPECT OF TRANSACTION IN ACCOUTING
BOOKS IS CALLED BOUBLE ENTRY
ONLY ONE ASPECT RECORDING OF TRANSACTION IN ACCOUNTNG BOOKS
IT IS UNCOMPLETED ENTRY

Answer / koteswara rao

Single Entry means is any accounting transaction book only with single Enty,
Ex: Cash / Bank A/C Dr xxxx
To Expenditure A/C xxxx

Double Entry Means Any Type of expenditure first create outstanding with proof of a document, then after payment made.
Ex: Expenditure A/C Dr xxxx
To Person / Company A/c xxxx

Person / Company A/C Dr xxxx
To Cash / Bank xxxx

Answer / faysalsam

Double entry means that first you book Receivable or Payable
against Sale or Purchase then post Received and Payment.
for e.g
A/c Receivable DR
Sales CR

then
Bank/Cash DR
A/C Receivable CR

In Single Entry directly post Expense or Income with
Receivable and Payable

Expense DR
Cash CR

Cash DR
Rent Income CR

Answer / nareshchowdary

once upon time used single entry systems. Now a days using
double accountnig system.
single entry means only cash iteams.
Ex:-Purchase A/c DR
To Cash
Double entry means Both Cash & Credit.
Ex:-Purchase A/c DR
To xxx
(Being Credit base)

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