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  • Some notes on Debit & Credit and Journal Entry.

Some notes on Debit & Credit and Journal Entry.

Debit & Credit What is Debit & Credit ? The terms Debit & Credit give an accounting explanation of the mathematical changes is the individual accounts.As a matter of convention…

How to do Double Entry System in Accounting?

Double Entry System What is Double Entry System ? To undarstand “Double entry system”,we should first understand the “DUAL ASPECT CONCEPT”.This principle is the core of accountancy.All business transactions are…


Principles of Accounting What is Accounting ? “Accounting is the art of recording,classfying and summarising in a significant manner and in terms of money,transactions and events which are, in part…