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...

What is Double Entry System ?

Answer Posted / vijay gombi

Two fold aspect of each and every transaction are recording
in the same transaction is called Double Entry system.

for ex-
if one account is debited another one or more accounts
will be credited and final debit and credit balance of same
transaction must be tally

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

a cheque is received from a debtor and is deposited in the bank on the same day. what will be the journal entry?

1539


what are the basic elements to prepare a quarterly information system and how to calculate that items?

1849


When Iam entering sales in Tally ERP 9, It Is not reflecting in the stock, Why itt is happends like this ? I entered sales with delivery note Number, So think that is because it is not reflecting in Stocks, and when iam checking in the stocks its saying negative stock

1680


what is cost center & cost categories in tally

2397


WHICH QUESTIONS ASKED IN EPFO IN 2009.

1953


Expand ctc cheque?

1078


how to prost entry for purchases with a bill

2052


Is transfer Profit / loss account to capital account important in Tally ERP 9 at the end of the financial year? And what is the benefit of transferring P/L account to Capital account ? Please I want someone to answer my question, this is my second question I posted one question 2 days ago also nobody reply to that question. Thank you.

2286


Are there any questions you would like to ask?

1291


What is aggregate Liabilities ?

2417


Dear sir , 1-what is diffrence local tax & vat 2 -what is sales tax. tds. service tax challan & return due date(monthly & quartly, annually) 3- what is deprecation rate in company act 4-what is income tax latest limit-

1926


pls. tell me with detail (what is the rate of service tax and w.c.t. for a contractor who do civil work -make building and repairing. what is the format of generate a bill for (with material and labour both ) what entry should i pass in my accounts bokks. general and sales entry.

2267


How much statistics knowledge is necessary or required in accounting?

1452


How can you explain the basic accounting equation?

1143


What is the marginal cost formula?

1172