GeekInterview.com
   Home |  Tech FAQ  |   Interview Questions |  Placement Papers |  Tech Articles |  Learn |  Freelance Projects |  Online Testing |  Geeks Talk |  Job Postings |  Knowledge Base | Site Search |  Add/Ask Question

  GeekInterview.com  >  Interview Questions  >  Accounting

 Print  |  
Question:  what is double entry book keeping



May 05, 2006 10:14:41 #1
 Hardy Shah   Member Since: Visitor    Total Comments: N/A 

RE: what is double entry book keeping
 

In double entry book keeping method a journal entry is posted to both respctive accounts for each transaction.

Let's say for sales transaction, debit entry posted to cash account

                                           credit entry posted to sales account.

So it's one of the methods to post accounting transactions.

     

 

Back To Question