Difference between double account system and double entry system

Asked by admin @ 16/08/2021 in Science viewed by 335 People

Answered by admin @ 16/08/2021

Answer:

As its name suggests the double account system divides its balance sheet into two sections: the capital account and general balance sheet, whereas under the double entry system only one balance sheet is created.

Difference between double account system and single account system

Asked by admin @ 16/08/2021 in Social Sciences viewed by 328 persons

Difference between single account system and double account system

What is the difference between accounting profit and economic profit

Asked by admin @ 03/11/2021 in Business viewed by 294 persons

The difference between zero accounting profit and zero economic profit is that a. economists do not include opportunity cost in zero accounting profit, while accountants do include opportunity cost in …

If the potential difference across a resistor is doubled

Asked by admin @ 20/08/2021 in Physics viewed by 319 persons

"If the potential difference across a resistor is doubled: "? "A. only the current is doubled B. only the current is halved C. only the resistance is doubled D. only …

Which is the first book on double entry bookkeeping

Asked by admin @ 16/08/2021 in Accountancy viewed by 440 persons

Dash is the first book on double entry book keeping.

Difference between entry control loop and exit control loop

Asked by admin @ 13/08/2021 in Computer Science viewed by 311 persons

Difference between entry control loop and exit control loop

In double entry bookkeeping where should you record assets

Asked by maham237 @ 13/01/2021 in Business viewed by 279 persons

In double entry bookkeeping, where should you record assets? A. In the left debits column B. In the right credits column c. In the accounting equation. D. Under the accounting …

Managerial accounting is different from financial accounting in that quizlet

Asked by admin @ 29/10/2021 in Business viewed by 358 persons

Managerial accounting is different from financial accounting in that: Multiple Choice Managerial accounting is more focused on the organization as a whole and financial accounting is more focused on subdivisions …

Accounting entries involve a minimum of how many accounts

Asked by admin @ 12/08/2021 in Accountancy viewed by 589 persons

Accounting entries involve a minimum of how many accounts?

The entry to close the income summary account may include

Asked by admin @ 29/11/2021 in Business viewed by 303 persons

The entry to close the Income Summary account may include Multiple Choice a debit to Income Summary and a credit to the owner's capital account. a debit to Income Summary …

The entry to close the expense accounts normally includes a

Asked by admin @ 26/11/2021 in Business viewed by 294 persons

Prepare journal entries to close the balances in temporary revenue and expense accounts. Remember to consider the entry for shrinkage from QS 5-9. (The solution from QS 5-9 is required …

How is the reproductive system different from other body systems

Asked by admin @ 07/10/2021 in Biology viewed by 356 persons

How is the female reproductive system different from other body systems?

How is digestive system different from an alimentary canal

Asked by admin @ 20/08/2021 in Biology viewed by 336 persons

what is the difference between digestive system and alimentary canal? mention at least 3 points need it urgently .

Difference between open circulatory system and closed circulatory system

Asked by admin @ 13/08/2021 in Science viewed by 346 persons

Distinguish between open and closed type of circulatory system.

Natural system of classification differs from artificial system in

Asked by admin @ 13/08/2021 in Biology viewed by 293 persons

Natural system of classification differs from artificial system in (1) Employing only one floral trait (2) Taking only one vegetative trait (3) Bringing out similarities and dissimilarities (4) Developing evolutionary …