3537557
Description
Mind Map by mozzi.ajaib, updated more than 1 year ago
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Created by mozzi.ajaib
over 8 years ago
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double entry bookkeeping
- whats double entry bookkeeping?
- 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.
- 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.
- Difference between single entry
bookkeeping and doube entry
bookkeeping
- 1. Single entry is an
incomplete system of
recording financial
transactions. Double entry
system is a complete system of
recording and reporting
financial transactions.
- 1. Single entry is an
incomplete system of
recording financial
transactions. Double entry
system is a complete system of
recording and reporting
financial transactions.
- Purpose of double bookkeeping entry
- The double entry system of accounting or
bookkeeping means that every business
transaction will involve two accounts (or more).
- The double entry system of accounting or
bookkeeping means that every business
transaction will involve two accounts (or more).
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