Cash/Bank/Accounts Receivable [Debit]
Sales[Credit]
A double entry bookkeeping system shows the multiple effects of a single transaction. Since the fixed asset register entails all details about purchase, sale, and depreciation effects of a fixed asset. It is therefore a part of double entry system.
state the principles of double entry
Contra entry
advantages of double-entry book-keeping system?
Double Entry Accounting is introduced by Lucas Paciolli
profit
Double entry is a transaction in which the payment is established in two accounts instead of 1 as to single entry.
Christie Malry's Own Double-Entry was created in 1973.
There is no record of a machine that inspired the double-entry accounting method. Records show that double-entry accounting was inspired by existing accounting practices at the time.
journal
Christie Malry's Own Double-Entry has 193 pages.
what is the entry implies that