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Answer in one sentence :what is double entry system of accounting? |
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Answer» tion:Double-entry BOOKKEEPING, in accounting, is a system of book keeping where every entry to an ACCOUNT requires a CORRESPONDING and opposite entry to a different account. The double-entry has TWO equal and corresponding sides known as debit and credit. The left-hand side is debit and right-hand side is credit. I hope it helps youDon't FORGET to follow me |
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