Answered

At Westonci.ca, we make it easy to get the answers you need from a community of informed and experienced contributors. Find reliable answers to your questions from a wide community of knowledgeable experts on our user-friendly Q&A platform. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

3. State the meanings of double entry system of book
=>
keeping

Sagot :

GinnyAnswer

Final answer:

The double-entry system in accounting ensures transactions are accurately recorded by balancing debits and credits.


Explanation:

Double-entry system of bookkeeping is a fundamental concept in accounting where every transaction affects at least two accounts, ensuring that debits and credits are always equal. This system helps maintain accuracy and enables the detection of errors in financial records.


Learn more about Double-entry system of bookkeeping here:

https://brainly.com/question/32087529


We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. We're glad you chose Westonci.ca. Revisit us for updated answers from our knowledgeable team.