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What are rules of double entry system ?

Question Posted / rajesh

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

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