Interested to Buy Any Domain ? << Click Here >> for more details...
Let me know the differences between singlr entry and double
entry system of accounts
- 3 Answers
- 6849 Views
- I also Faced
- E-Mail Answers
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
what is joint venture?
Define Bill of Exchange
why would you like to opt nbp
Assets are held in the Business for the purpose of____________________
What is Hot Issue Income for Hedge Funds?
in a every intervew asking one common question why you are living current employer, which is the best answer
I want to know how to get Appeared to the examination of State bank of India. And how can i find the question Book Series.
what do u mean by arrear basic or arrear hra?
what is CDD’s configuration
Suppose My received Interest Income is 24934.59 And for the same time my Bank Charge total is 7785.19. Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt. Account.What will be the Journal Entry for 17149.40. Here, Already Bank Charge 7785.40 is Already Debited and 24934.59 is already credited in Journal.
Dear All, Could any body send me the format of Delivery Challan? What is Even Transfer and Branch Transfer?Please let me know if any body knows? ekathirvel@gmail.com
What is limit of turnover for registering under CST & limit of Form 'C '
why did rbi hiked repo and reverse ratio and how it will effect the market
what is mba tell me the more benefits in mba
why you choose accounting as your career ? ?
