Maharashtra State Board Bookkeeping and Accountancy 11th Solutions Chapter 2 Meaning and Fundamentals of Double Entry Book-Keeping
1. Answer in one sentence only. Question 1.What is a Double Entry System?Answer:A system of accounting is which double or two-fold effects of every business transaction are recorded systematically in the books of accounts is called a double-entry book-keeping system. Question 2.What is an Account?Answer:The summarised record of all transactions related to a person, an … Read more