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What is Double Entry System of Book-Keeping? - Accounts

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Question

What is Double Entry System of Book-Keeping?

Very Short Answer
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Solution

In the double-entry system of accounting, every transaction impacts a minimum of two accounts at the same time. One of them gets credited, while the other is deducted.

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Chapter 15: Project Work - PROJECT WORK PROBLEMS [Page P-14]

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D. K. Goel Accountancy Volume 1 and 2 [English] Class 12 ISC
Chapter 15 Project Work
PROJECT WORK PROBLEMS | Q 15. | Page P-14
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