Interested to Buy Any Domain ? << Click Here >> for more details...
what do you understand by double entry system.
- 4 Answers
- 12486 Views
- Fidelity, I also Faced
- E-Mail Answers
Answer Posted / vamsi krishna
Double-entry accounting is a method of record-keeping that lets you track just where your money comes from and where it goes. Using double-entry means that money is never gained nor lost---it is always transferred from somewhere (a source account) to somewhere else (a destination account).
The main concept to remember, regardless of terminology, is that all transactions involve a transfer of some amount of money from a source to a destination.
| Is This Answer Correct ? | 4 Yes | 1 No |
Post New Answer View All Answers
Which books are helpful for practising accounting's most tricky sums?
please tell me how to take the stock of goods in Tally ERP9 in case of Useing FORM F (Company Sent the Stock Send me against Form 38 & after sale He want from me FORM F ) Thank U
How do you feel u contributed to its effectiveness?
Explain how to do an internal audit effectively?
What is caro 2004?
What is the role of internal audit?
What Is Social Audit?
why auditors are not true and faire statement of account
What to do after the audit?
How to involve people in audit?
what audit procedure i can do in the share capital account of a company and why it have been apply?
What techniques used during an audit?
Should the duty of creating a purchase order be segregated from the duty of creating a vendor?
vat on liquor vat on food ? vat on bevrages ? vat on tobaco? vat on gold?
How does an internal audit differ from an external audit?
