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State True or False with reasons:Double Entry System of Book-keeping is scientific method of books of accounts - Book Keeping and Accountancy

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प्रश्न

State True or False with reasons:
Double Entry System of Book-keeping is scientific method of books of accounts

विकल्प

  • True

  • False

MCQ
सत्य या असत्य

उत्तर

This statement is True.
In Double Entry System, for every monetary transaction, at least two effects are to be passed and every type of accounts are to be considered for preparing books of accounts. Therefore, Double Entry System of bookkeeping is the scientific method of books of accounts.
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Difference Between Single Entry System and Double Entry System
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 10: Single Entry System - EXERCISE [पृष्ठ ३५६]

APPEARS IN

बालभारती Book Keeping and Accountancy [English] 11 Standard Maharashtra State Board
अध्याय 10 Single Entry System
EXERCISE | Q 4. 1) | पृष्ठ ३५६
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