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state the principles of double entry

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Q: State the double entry principle
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Related questions

Rules of double-entry accounting?

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 "


Who is the person that established the double entry principle of accounting?

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."


What is a double entry account?

Contra entry


Advantages of double-entry book-keeping system?

advantages of double-entry book-keeping system?


Who introduces double entry accounting?

Double Entry Accounting is introduced by Lucas Paciolli


What is double entry bookkeeping for a hospital?

Double entry is a transaction in which the payment is established in two accounts instead of 1 as to single entry.


When was Christie Malry's Own Double-Entry created?

Christie Malry's Own Double-Entry was created in 1973.


What machine inspired the double entry accounting method?

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.


Which book of prime entry is part of the double entry system?

journal


How many pages does Christie Malry's Own Double-Entry have?

Christie Malry's Own Double-Entry has 193 pages.


Why double entry type impeller is a fully balanced impeller?

what is the entry implies that


What is purchases return and the double entry?

Purchase return - this is the outward return by the firm While double entry is when you have entered the transaction twice