What are rules of double entry system ?

Answers were Sorted based on User's Feedback



What are rules of double entry system ? ..

Answer / chandu

according to double entry system every transaction must have two aspects one is receiving aspect and another one is giving aspect both aspects should be recorded in the books of accounts is called double entry system.

Is This Answer Correct ?    5 Yes 0 No

What are rules of double entry system ? ..

Answer / gohar ali pugc

According to Dual Aspect Concept Each transaction has
dual/double treatment as one is debit and it also be credit
and it is recorded in the jeneral book of account

Is This Answer Correct ?    5 Yes 1 No

What are rules of double entry system ? ..

Answer / ankita

the rule of double entry system is that the same transaction
will affect two sides,one debit and corresponding will be
credited in another side.

Is This Answer Correct ?    2 Yes 0 No

Post New Answer

More Accounting AllOther Interview Questions

plz send me the accounting questions and answers of bank of america.

0 Answers   Accenture, Bank Of America,


what is IPO

8 Answers  


expand S T P

6 Answers  


Bank give some interest on deposit less tds what is the general entry for this?

3 Answers  


Can v transfer trail balance to journal entry how and with example?

0 Answers   Bandhi, iQor, OPI Global,






please provide wct retun guide line how can prepaire that

0 Answers   Xerox,


is indian bank or canara bank CBS brach?

0 Answers  


what is the fund flow and cash flow? what's diffenence between

1 Answers  


Sir i want bill payable meeaning,Entryes

2 Answers  


who is the payee of the promissory note

1 Answers   Accenture,


What is a dead A/c?

2 Answers   Time,


What are the benefits ofparticipation in a depository?

0 Answers   Mellon, TCS,


Categories