Anonymous

Show An Example Of Single Entry System Of Bookkeeping?

1 Answers

amit mehra Profile
amit mehra answered
Eg. Salary paid by cash/bank rs/-5000. In tally,
  PAYMENT VOUCHER
account: Cash/bank
PARTICULAR   AMOUNT
Salary paid   5000
end of list
while in double entry system :-
  PAYMENT VOUCHER
  PARTICULAR   DR   CR
DR  Salary paid   5000
CR  cash   5000
  ------   ------
  5000   5000

Answer Question

Anonymous