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 the advantages of double entry system

Answer Posted / ashish

Double entry system is used to correct the transactions
either the dr. side or cr.side.
under this both answers debit side and credit side is same
and chances of errors are reduced.

Is This Answer Correct ?    4 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

institutional investors?

2109


what are the aspects an auditor has to see when he/she is doing the Purchase,Sales and Journal Vouching

2016


Rs. 23.50 ( Rupes twenty three & paise fifty only) what is euro Conversion?

2190


Feature of Master letter of credit of Garments manufacturing company?

1957


how to pass journal entry or where to show forein transaction reserv in Bal sheet. pls explain basic

2167


about tally erp9

3367


What do u mean by pass through expenses? give examples, how it will be accounted & billed?

5986


my boss (Managing Partner of a firm) promoted along with his wife a private limited company. he and she spent some Rs. 75,000/- (approx) for the promotion of the company. i know that they usually fall under the head of preliminary expenses. but after receiving the certification of incorporation of the company how shall i repay them to the promoters i.e. what is the accounting entry in the books (initial books of accounts) for the expenditure incurred. they have kept in hand 5,00,000/- each to meet the expenses and they were allotted shares of equal to the amount. can i allot shares for a consideration of cash from and excluding the preliminary expenses. can i take cash towards the share application money (being the cash more than Rs. 20,000/-) as the company has not opened a bank account yet. please give me the detailed answer with journal entries that can be entered in tally. thank you.

1978


Hi, I am doing Data Entry jobs in Accounts. please let me know "How to maintain Medical stores accounts"?

2243


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.

1968


What is the use of final account?

1881


tell me about a time you had to deal with a conflict between a licensed and unlicensed personnel and how handled the situation?

4862


why do we charge the depreciation

1499


What is the GDP growth?

2125


WHAT IS B.E.P. CHART

2477