Answer Posted / koteswara rao
Single Entry means is any accounting transaction book only with single Enty,
Ex: Cash / Bank A/C Dr xxxx
To Expenditure A/C xxxx
Double Entry Means Any Type of expenditure first create outstanding with proof of a document, then after payment made.
Ex: Expenditure A/C Dr xxxx
To Person / Company A/c xxxx
Person / Company A/C Dr xxxx
To Cash / Bank xxxx
| Is This Answer Correct ? | 7 Yes | 1 No |
Post New Answer View All Answers
institutional investors?
Hi...At present am doing my second year B.Com.I want to do Chartered accountant.Could you send me the details such as when i can start this course,levels of course,proceudre to start( training and prerequirement if any)?And also do let me know is it possible to start from madurai.Note: I wanted to start by regular classes not by distant education. Thanks in avance.
Expand ----------GIDB
what is difference between venture capital financing and equity financing?
Have you worked with other on team endeavors
WHAT IS DIFFERED INCOME TAX AND WHERE IT SHOWS IN BALANCE SHEET?
Expand---------MNOP
Short Answer on __________Accrued interest
Where we show Service Tax Due ( Debit Balance ) in Balance Sheet?
What is COVER payment?
Placed an order with Mani for supply of goods worth Rs.5000/-. state whether the the following transcation is business transcation or non business transcation? with reson or explaination?
what is leverage n detail and tpoes of leverage with iagram?
Expand---------DBPC
How Many Points include in Mat Calculation , what is the different bitween Gross Profit & Book Profits?
Nature of training account with reason