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Single and double entry system

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 December 2014 Dear Sir

what is the difference between single and double entry system ?

which is better to handle account?

pls let me know?
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
04 December 2014 double entry means 2 way effects of a transaction debit and credit.

and single means only 1 effect
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Amol S Joglekar

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Amol S Joglekar (Expert)
04 December 2014 The effectiveness of the system shall be dependent upon what type of business you are running.
Where % of cash sales is more e.g. Petrol Pumps (Bunk), Hotel, Restaurant, Eating places, single entry may be used.
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Querist : Anonymous

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Querist : Anonymous (Querist)
05 December 2014 thks for ue valuable information
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
05 December 2014 you are welcome friend....................
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
05 December 2014 you are welcome friend....................
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