Explain Advantages of Double Entry system of Accounting?
Submitted by: Administrator-It considers both the aspects of business transaction
-Arithmetic accuracy of the accounting records can be checked and verified by preparing trial balance
-Correct results of the operations can be ascertained by preparing Final Accounts
-Correct valuation of assets and liabilities at any point of time by preparing Balance sheet
Submitted by: Administrator
-Arithmetic accuracy of the accounting records can be checked and verified by preparing trial balance
-Correct results of the operations can be ascertained by preparing Final Accounts
-Correct valuation of assets and liabilities at any point of time by preparing Balance sheet
Submitted by: Administrator
Read Online Double Entry System Job Interview Questions And Answers
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