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double-entry bookkeeping system

Answers were Sorted based on User's Feedback



double-entry bookkeeping system..

Answer / guest

double entry bookeeping system follows the 'every debit has
a corresponding credit" and hence, total of all debits has
to be equal to the total of all credits.

Is This Answer Correct ?    13 Yes 4 No

double-entry bookkeeping system..

Answer / kartikk.050

THE SYSTEM OF MAKING TWO ENTRIES OF EQUAL IN TWO DIFFERENT
ACCOUNTS IN OPPOSITE SIDES IN THE BOOKS OF EACH OF TH
CONTRACTING PARTIES

Is This Answer Correct ?    2 Yes 3 No

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