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Double Entry
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This essay explore the definition of the term “ accounting”, its processes and procedures. I will examine the five step of the method in detail, and will compare and contrast this method to that of single entry accounting. The analysis concludes that with a discussion of the advantages of and the ....
Middle of essay
....documents. Source documents are printed or written forms that generated when the firm engage in business transactions.
Step two, Recording a transaction in a journal in this system the financial of an organisation is analysed as a consisting of many interrelated aspects, each of which is called an account Every transaction is identified by two aspects which is referred to as Debit , on the left side and credit on the right side.
Debit Credit
Each of these t.... |
| Number of words: 814 |
Approximate pages: 3 |
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