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Double entry system

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Querist : Anonymous (Querist)
13 November 2011 What is Double Entry System? Explain its principles?
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CA Ayush Agarwal

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CA Ayush Agarwal (Expert)
13 November 2011 Double entry system means entry which debit one item and credit one item like that debit and credit total will be same...suppose you debited asset then with same amount you have to either credit liability or another asset

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