Please enable JavaScript.
Coggle requires JavaScript to display documents.
DOUBLE ENTRY SYSTEM - Coggle Diagram
DOUBLE ENTRY SYSTEM
ADVANTAGES
FINANCIAL POSITION
PURPOSE OF CONTROL
DETERMINING PROFT/LOSS
ARTHMETICAL ACCURACY
COMPARATIVE STUDY
COMPLETE RECORDS
DECISION MAKING
SCIENTFIC SYSTEM
FRAUDS AND MISAPPROPRIATION
FEATURES
2 FOLD ASPECT= RECEIVING AND GIVING
ONE ASPECT DEBIT OTHER CREDIT
COMPELETE RECORD OF TRANSACTIONS
DEBITS = CREDITS
STAGES
CLASSIFYING = TRIAL BALANCE
CLOSING BOOKS = FINAL A/C
RECORDING = JOURNAL