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Accountancy
reduce reduce Jan 18, 2021

What is double entry system? state it's advantatages?​

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Advantages of Double Entry Accounting system

As both the personal and impersonal accounts are maintained under the double entry system, both the effects of the transactions are recorded. It assures arithmetical accuracy of the books of accounts, for every debit, there is a corresponding and equal credit.

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Atanas Atanas
Jan 18, 2021
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