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Recording of Transactions - 1 — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountRecording of Transactions - 11 Mark
Question
What is Double Entry System of Book-keeping?
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Answer

Double entry system refers to a system of accounting in which every transaction affects atleast two accounts simultaneously. One of them is debited and other is credited.

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