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So far as I know, Double Entry System and Double Account are not differing in the essential character. They only differ in the way the information is presented. What is presented in Double entry system as profit and loss account is presented in Double account system as Revenue account, Profit and Loss Appropriation account as Net revenue account and what is called Balance sheet is segregated into General balance sheet and Receipts and Expenditure on capital account. The difference in the presentation is also due to the fact that the two systems of accounting serve differing purposes. Double entry places emphasis on the Profits and losses and results of operations while Double account places emphasis on whether adequate provisions are made and whether reserves are sufficient.
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WhAT IS THE Difference between double account system and double entry system?
The difference between double account system and double entry systems are noted below: 1. Double account system is necessary only for Govt. service rendering org. but double entry system is applicable for all types of org. 2. In double account system balance sheet is divided into two part ie; Capital Account, and general balance sheet but in double entry system only one balance sheet is prepared.
What is the difference between iqtas system and jagirs?
a
Is the fixed asset register a part of the double entry system?
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.
What is single entry system?
"a system of book-keeping in which as a rule only records of cash and of personal accounts are mainted, it is always incomplete double entry, varying cicrumstances."
What is the differences between a formal and informal bookkeeping system?
difference between informal business bookkeeping and formal business bookkeeping in there stock
What is the difference between single and double pithing?
single destroys the brain and double destroys the spinal cord or central nervous system
What is the difference between single and double cicrulatior system?
In double circulatory system the blood travels trough the heart twice in it's way around the body, while in the single it only goes through the heart once.
Do amphibians have a single loop circulatory system?
no they have double loop circulatory system but the difference is that they have single ventricle.
WhAT IS THE Difference between double account system and double entry system?
The difference between double account system and double entry systems are noted below: 1. Double account system is necessary only for Govt. service rendering org. but double entry system is applicable for all types of org. 2. In double account system balance sheet is divided into two part ie; Capital Account, and general balance sheet but in double entry system only one balance sheet is prepared.
Difference between unix and windows?
unix is a multiuser operating system but widows is a single user operating system.
What is the difference between differential pressure and static pressure in a fluid system?
Differential pressure is the difference in pressure between two points in a fluid system, while static pressure is the pressure at a single point in the system.
What is the Difference between clustered system and multiprocessor system?
is a number of linked systems, working together closely ,so that they form a single computer
Difference between system software and operating system?
difference between operating system and system software?
What is the difference between cropping system and farming system?
difference between farming system and cropping system
What is the difference between barter system and double coincidence of wants?
The double coincidence of wants is one of the major part of the Barter System.The two basic terms actually don't have any specific difference.
What is double pulley system?
A double pulley system is simple. Instead of one wheel like the single pulley system has, the double pulley system has two wheels and carries more heavier loads than the single pulley system can hold.
What is the difference between your solar system your galaxy and the universe?
A solar system is a single star in this case the SunA galaxy is an area in the universeA universe is every thing.
