Double entry system
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 November 2011
What is Double Entry System? Explain its principles?
CA Ayush Agarwal
(Expert)
13 November 2011
Double entry system means entry which debit one item and credit one item like that debit and credit total will be same...suppose you debited asset then with same amount you have to either credit liability or another asset
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