The rules of the double entry state that " For every dr there must be a corresponding cr and for every cr there must be a corresponding dr "
Contra entry
advantages of double-entry book-keeping system?
Double entry is a transaction in which the payment is established in two accounts instead of 1 as to single entry.
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.
The rules of the double entry state that " For every dr there must be a corresponding cr and for every cr there must be a corresponding dr "
The double-entry principle of accounting is attributed to the Italian mathematician and Franciscan friar Luca Pacioli, who published it in his 1494 work, "Summa de Arithmetica, Geometria, Proportioni et Proportionalita."
Contra entry
advantages of double-entry book-keeping system?
Double Entry Accounting is introduced by Lucas Paciolli
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
Purchase return - this is the outward return by the firm While double entry is when you have entered the transaction twice