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P1 C2 Dual Effect of Transactions and Types ofAccounts — Account STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceAccountP1 C2 Dual Effect of Transactions and Types ofAccounts1 Mark
Question
What do you mean by double entry book keeping system ?
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Answer

Double entry book keeping system is a method of keeping accounts in which at least two effects of every economic transaction is to be passed - one on debit side and one on credit side.

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