JayamAccounts

  Advantages of Double Entry System: 1.      * The Basic object of the bookkeeping is Systematic   records of financial transaction 2.      * Book keeping is collecting and recording of financial transactions 3.      * Financial statement has give the facilitationg management control and    communicating    financial information to the users 4.    *   HRA manager does not maintain books of accounts because it cannot be measured in money terms 5.     *  Double entry system is a scientific system of recording the business transactions. 6.      * In this system contain both profit or loss, assets and liabilities 7.      * All transactions are recorded in the Journal 8.      * Journal by posting to the appropriate ledger accounts 9.      * And preparing Trial...