Single and double entry system
This query is : Resolved
Querist : Anonymous
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?
what is the difference between single and double entry system ?
which is better to handle account?
pls let me know?
04 December 2014
double entry means 2 way effects of a transaction debit and credit.
and single means only 1 effect
and single means only 1 effect
Message likes :
1 times
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.
Where % of cash sales is more e.g. Petrol Pumps (Bunk), Hotel, Restaurant, Eating places, single entry may be used.
Message likes :
1 times
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 December 2014
thks for ue valuable information
05 December 2014
you are welcome friend....................
05 December 2014
you are welcome friend....................
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