can any one tell me the Types of accounts in practise
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Answer Posted / siva
In practise following are the types of accounts are used :
1)Double entry book keeping
2)computerised accounting
3)mannual accounting
in the case of double entry book keeping, the
balancing of debit and credit side.computerised accounting
is mostly used in all companies because it is very less
time to record the transactions.Mannual accounting, it is
used only small companies and less tansactions which is
used.
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