Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / akshitha
There are two main systems for keeping the accounts of
small businesses. These are single entry book-keeping and
double-entry book-keeping. Their names really explain
themselves. In double-entry book-keeping, for every entry
recorded, it is in fact recorded twice, whereas in single
entry book-keeping, it is just recorded once. For very
small businesses, the single entry system is often
preferred, but I personally prefer the double entry book-
keeping system, because when mistakes happen (and they
always will!) they are much easier to find. This system can
also deal with unpaid bills and accounts. Therefore the
rest of this article will concentrate on double entry book-
keeping.
There is much more that can be learnt about this subject -
and if there is enough interest, further articles may be
possible. However, I trust that this article will help you
as you seek to serve the Lord in whatever work you are
involved with.
| Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
What is meant by Nostro Reconciliation
how to entry in tally for other person check received
Expand---------DBPC
What is the meaning of Receipt & Payment, Income & Expenditure, Profit & Loss A/c? Under What cercumstances these are prepared?
Expand--------TAO
What was the most chlleging task you face while working in SAP FI/MM and how did you solve?
Dear Sir, My qus is my co. purchase a laptop from Abc.co. for rs-37200 on credit Emi basis from hdfc bank. i paid every month 6200rs as a installment. so i want to know how i make a entry in tally 9. and also want to know i creat laptop ledger under fixed assets or office expenses. plz tel me soon.or mail me .
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
why may types of accounts
Expand------ARN
An applicant paid excess amount to the Government Office through a demand draft for a particular permission/license instead of actual fees. Later he went to government office and requested to return the previously submitted demand draft. Can he get back the Previously submitted demand draft(which was not adjusted into government account) duly paying he actual fee?
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
sir i am working consruction company.we have 4 projects in varrious places.i enter attendance in payroll by project wise.if enter autofill salaries combained all projects.i want individual salaries base on attendance feeding method.because staff are changing in one project to another project offenly.please explain method
What is the meaning of Debt reconciliation and how to do debt reconciliation?
What is the role oF Jr Financial Analyst ? And what are the General Questions Asked for this Profile For freshers ?
