Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

Let me know the differences between singlr entry and double
entry system of accounts

Answer Posted / bindu

In case of single entry system only one side of the entry
got posted.This system is almost all similar to cash/cheque
book register.For example assume opening balance as 10,000
debit.In case of payables this amount got decreased and
vice versa.This system used only by small organisation
where audit is not required.In case of errors, tracking
happens only through Bank Reconcilation statement.

Where as in case of double entry system for each and every
debit there should be credit with equal and opposite
amount.So tracking will be easier for each trasaction.

Is This Answer Correct ?    5 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

difference between office expense and miscelleanous expense with some examples

2089


Short Answer on _____________Whole Sale Trade

2132


I work in a semi govt society. We purchased a flag for celebrating independence day in office premises . Plz tell me under what head / ledger of exp it comes

1482


Hi, Please post in here the Aptitude Test Questions given in companies like Thomson, Reuters, GMS, JP Morgan, Northern Trust Bank etc.

6656


What is the process of VAT & CST Registration?

2516


Dear sir, I have complete B.com in march 2007, for past 4year i am doing some marketing jobs in insurance sector, now i need to change my job in accounting sector, i have heard that by doing SAP Fico there will be better opurtunity in corporate companies.

1931


Examples of automatic generated content material of car logbook loans?

1824


define accounting,scope of account , types of account ?

3601


what are the payroll procedures?

2237


if a person join company on 01-04-04. after 5 year he is resigned on 31-03-09 and date of leaving is 14-04-09. Is he is on under gratuity payable or not? he is completed 5 years on 31-03-09. what is basis on calcultion on final settlement is date of resignation or date of leaving whcih is on 14-04-09.

1876


CLASSIFY THE FOLLOWING INTO REAL,NOMINAL AND PERSONAL- 1.unpaid salaries a/c 2.arvind mills a/c 3.arvind mills shares a/c 4.prepaid rent a/c 5.fire insurance premium a/c 6.life insurance premium a/c 7.petty cash a/c 8.loan given a/c 9.interest received a/c 10.loan received a/c

1514


What is SOX

2172


All Accounting Question Related Send Me ..

2156


Whether setting up of diary plants comes under CMA under Farm Sector or Non Farm Sector

1783


pls send me capital iq quition paper pls, ihave 2mr interview thanks

2295