Search answer for your unanswered questions.

Class : 11
Unit : Account


State any three features of double entry system.
Looks like you have not signed up yet. Please sign up now to view the answers without interruption.
Redirecting in 60 seconds...
Ans : Any two features of double entry system. a. Double effect:-Double entry system assumes that every financial transaction affect two sides which are described as the debit and the credit. b. Equal effect:-According to the concept of double entry system the debit and credit sides are influenced by equal amount. c. Scientific system:-Double entry system is scientific system because it is based on various principles, conventions and assumptions.
    Did you find this answer useful?
   Then Register Now to view other answers easily.
Previous
Write the meaning of double entry system.
Next
Write any three advantages/importance/objectives of double entry system.


Random topics

1.)Briefly write the meaning of reserve?
2.)Give the meaning of provision with suitable examples?
3.)Enumerate any four objectives of reserve/reserve fund.
4.)Define general reserve with example.
5.)Mention any three objectives/advantages of general reserve.
6.)Write the meaning of secrete reserve?
7.)State any four objectives of creating secrete reserve.
8.)Define capital reserve with suitable examples.
9.)Write the meaning of specific reserve.
10.)State in brief about sinking fund.