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can any one tell me the Types of accounts in practise
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Answer Posted / prabakar
As per the companies act, the accounting should be done in
2 ways.
1. Mercantile system of Book Keeping (Double Entry System)
2. Cash Receipt System (Recording transaction only when it
occurs)
3. Apart from these there is self balancing system wherein
a person can write as per his/her understanding.
| Is This Answer Correct ? | 4 Yes | 2 No |
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