1.

Discride how accounts are used to record information about the effects of transaction ? explain with imagery examples ​

Answer»

By JOURNAL accounts are to record information about the effects of transitionExplanation:For example, STARTED Business with cash . Rs. 100000 on 1-4-19Every transaction in accounts has dual effect.This Transaction is KNOWN as Date PARTICULARS Debit amt CREDIT amt 1-4-19 Cash acc Debit 100000 To Capital Account. 100000



Discussion

No Comment Found

Related InterviewSolutions