Double-Entry Book-Keeping System

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Lesson Info

  • Notes 2
  • Videos 5
  • Exercises 25
  • Practice Test 12
  • Skill Level Medium



Basic Terminologies

There are various terms used in accounting such as capital, cash, bank, cheque, debtors, creditors, bills payable, bills receivable, etc. This note has information about the various basic terminology of accounting. Learn More

Double-Entry Book-Keeping System

Double entry system refers to such accounting system under which every financial transaction is recorded into two separate account with equal amount to determine the true profit or loss and financial position of the business. This note provides the introduction, features and importance of double entry system as well as short explanation of accounting process. Learn More

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