Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Accounting is based on the principle of:

Double Entry

 

Single Entry

 

General Ledger

 

Financial statements

user-image
Question added by Shazia Anees , Assistant Manager Finance , Arham Trading Company
Date Posted: 2015/06/10
Shahbaz Hayder
by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Double Entry is the right answer.

Irfan Rasheed
by Irfan Rasheed , Chief Internal Auditor , First Al-Noor Modaraba

accounting is based on the concept of Double Entry system

DIN BANDHU SINGH
by DIN BANDHU SINGH , Chief Accountant , ELITE TRADING ALLIANCE CO (El Seif Group of Companies)

Double Entry .................................................................................

Muhammad Ramzan Tufail  ACCA
by Muhammad Ramzan Tufail ACCA , Assistant Finance Manager , Eltizam Asset Management Group

Double Entry................................

Ahmed Abdi Mahad
by Ahmed Abdi Mahad , Director of Internal Auditing Directorate , Jigjiga University

choice A, double entry, is the answer for this question. Thanks

Bilal Bilal Ashraf
by Bilal Bilal Ashraf , Assistant Accountant and Office Admin , Hamdaani Food Company

option A double entry system is correct answer

mehfooz alam khan habib khan
by mehfooz alam khan habib khan , Security Incharge , Landmark Group (Emax)

Account is based on Double Entry system...................

Sanip Saripudin
by Sanip Saripudin , Manager , PT Catur Dayaprima Dirgantara

Accounting is based on the single entry principle

Ajay Dutt
by Ajay Dutt , Senior Accountant , Concept Zone Group of Companies

The answer is option A. Double entry.

lakshminarasimham mallareddi
by lakshminarasimham mallareddi , Manager Finance & Accounts , M/s. Vandana Global Limited, Raipur, Chhattisgarh

Correct Answer is Double Entry Principle on which accounting is based

Etchu Atem
by Etchu Atem , Group Accountant , LabPro Pharma Africa, LLC

Accounting is based on the Double Entry Principle because for any transaction to be to take place there must be a Giver and Receiver; a Creditor and a Debtor. so the double entry principles ensures the complete treatment of a transaction

More Questions Like This

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