What is double entry system?

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asked Aug 14, 2018 108k views

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Diedu · Answer 1 · 2018-08-14T23:29:19+0000

Answer:Double entry is an accounting term stating that every financial transaction has equal and opposite effects in at least two different accounts.

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Sumant · Answer 2 · 2018-08-20T10:14:51+0000

The double entry system of accounting or bookkeeping means that every business transaction will involve two accounts (or more).

What is double entry system?

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