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GeekInterview.com > Interview Questions > Accounting
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Question: what is double entry book keeping
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| August 08, 2007 08:33:35 |
#4 |
| R Suman Singh |
Member Since: Visitor Total Comments: N/A |
RE: what is double entry book keeping
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Book keeping is the recording of transactions relating to money and Double entry book keeping means recording the transaction in two aspects i.e., Debit and Credit.
For every debit entry there should be a correspondence credit entry is the principle of Double Entry Booking Keeping. |
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