double entry bookkeeping

mozzi.ajaib
Mind Map by mozzi.ajaib, updated more than 1 year ago
mozzi.ajaib
Created by mozzi.ajaib almost 5 years ago
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double entry bookkeeping
1 whats double entry bookkeeping?
1.1 in accounting, is a system of bookkeeping so named because every entry to an account requires a corresponding and opposite entry to a different account.
2 Difference between single entry bookkeeping and doube entry bookkeeping
2.1 1. Single entry is an incomplete system of recording financial transactions. Double entry system is a complete system of recording and reporting financial transactions.
3 Purpose of double bookkeeping entry
3.1 The double entry system of accounting or bookkeeping means that every business transaction will involve two accounts (or more).
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