How double-entry accounting detect errors?

Question added by Mark Angelo Damuag , Financial Analyst , Evacare Management Consultancy Inc
Date Posted: 2015/03/31

Upvote (1) Views (3) Followers (2) Answers (1) Report Question

Write an Answer
Register now or log in to answer.

by Michelle Magpantay , Quality Control inspector , Millennium Computer Technology Corporation

Find the source of having double entry. Make sure that all you done has series of numbers to follow in order to avoid double entry.

Upvote (1)

Downvote Reply () Report

Why do we need double entry accounting system although we have single entry cash system?
Top Answer: simplest answer for that question is, double entry system provides us the better report & easy to und ... See More

Answers (4)
Can any one define difference between single entry and double entry accounting system in common words?
Top Answer: <p>Single Entry system is that Entry which effect on cash in hand on cash book. If you increase the ... See More

Answers (1)
What is double entry accounting?
Top Answer: <p>In double entry every transaction has two effects. For example, if someone transacts a purchase ... See More

Answers (1)
When a company is using double-entry accounting, what elements of a given ledger must be equal?
Top Answer: <p>For every debit, there should be an equal and offsetting credit. It is when the debits and cred ... See More

Answers (2)

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.

Get Help