Maharashtra State BoardHSC Commerce 11th
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Answer in one sentence only: What is Double Entry System? - Book Keeping and Accountancy

One Line Answer

Answer in one sentence only:

What is Double Entry System?

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Solution

Double entry system is the most scientific method of recording all business transactions in the books of accounts by giving double or two fold effects of each transaction.

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APPEARS IN

Balbharati Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board
Chapter 2 Meaning and Fundamentals of Double Entry Book-Keeping
Exercise Q.1 | Q 1 | Page 38
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