Category: Accountancy Class 11

What is Journal in Accounting

What is Journal in accounting – Basic Concept of Journal  What is Journal in accounting ? A Journal is a record of financial transactions in chronological

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Single Entry System

Single Entry System or Accounting from Incomplete Records,  is a method of accounting , in which , unlike the Double Entry System of Accounting, both

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Accounting Equation

What is Accounting Equation ? Dual principle of accounting states that every transaction has two fold impact, i.e it impacts at least two accounts. Accounting

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