Tag: introduction to single entry system and difference between single entry and double entry system
Questions Related to introduction to single entry system and difference between single entry and double entry system
The correct concept of double entry book keeping states that ____________________.
The accounting entries for recording Rs.10,00,000 cash introduced by the owner of a business is ______________.
When a liability is reduced or decreased, it is recorded on the ______________.
Double entry in cash book is completed when _________________.
As the book keeper, identify the account to which you will post the following transaction recorded by the Cashier in the cash account:
Rs. 500 paid to buy a cash book and ledger book _________________.