Interested to Buy Any Domain ? << Click Here >> for more details...
Let me know the differences between singlr entry and double
entry system of accounts
- 3 Answers
- 6691 Views
- I also Faced
- E-Mail Answers
Answer Posted / bindu
In case of single entry system only one side of the entry
got posted.This system is almost all similar to cash/cheque
book register.For example assume opening balance as 10,000
debit.In case of payables this amount got decreased and
vice versa.This system used only by small organisation
where audit is not required.In case of errors, tracking
happens only through Bank Reconcilation statement.
Where as in case of double entry system for each and every
debit there should be credit with equal and opposite
amount.So tracking will be easier for each trasaction.
| Is This Answer Correct ? | 5 Yes | 2 No |
Post New Answer View All Answers
define drawer or maker
What Settlement details are required on the delivery instruction slip?
Upto what age PF will be deducted for an employee? And what age he is eligible to gratuity?
my qustion is what is H foam and where use
Can anyone give comparative data of NPA(non performing assets) of nationalised banks or BANKS IN INDIA for the last 5-10 years if possible with bifurcation substandard doubtful loss asset
Why do you want to work with us
Why does one need a broker?
what is general HR?
Explain about Fluctuating Capital
Calculate Income Ta X On Nett Income Of Rs 365520 For Men,women And Senior Citizen For The Assessment Years 2009- 10 And 2010-11?
What type of question generally asked in Brokerage Firm ?
Expand-------NAST
How can a company reduce profit
what is a reducing balance method and depreciation fund investment method and 2 diffrences?
What is the rule on a school who will be handled by anither school? How do I calculate the royalty per year to the school who will supervise a new school
