Tag: meaning and fundamentals of double entry book-keeping
Questions Related to meaning and fundamentals of double entry book-keeping
Lenders can study the creditworthiness of the business firm with the help of books of accounts.
Book-keeping enables investors to take a decision whether to invest or not.
Various departments of government will be able to find out the taxes due from various sources with the help of books of accounts.
Book-keeping does not help the owners to find out profit, losses, assets and liabilities.
For which of the following adjustments would a reversing entry facilitate book-keeping procedures?
According to the double entry system of accounting, an account that obtains benefit is __________.
There are ______ systems of keeping records.
Which of the following is/are merit of double entry system?
In Double Entry System, if one account is debited the other account must be credited with equal amount.
Book-keeping is helpful for ___________.