Write the three merits and two demerits of Double Entry System of Book

1.	Write the three merits and two demerits of Double Entry System of Book Keeping.
Answer» Merits: 1. It is complete and scientific. 2. Reliable 3. Information of Profit and loss. Demerits: 1. It is very difficult to find wrong entries. 2. It is a costly method.

Write the three merits and two demerits of Double Entry System of Book Keeping.

Answer»

Merits:

1. It is complete and scientific.

2. Reliable

3. Information of Profit and loss.

Demerits:

1. It is very difficult to find wrong entries.

2. It is a costly method.