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Double entry is:
The first mention of the way (theory) of double-entry was a mathematician Italian "Luca Basioly" which can lend a whole chapter of one of his books (in Mathematics and Statistics) for accounting Among the topics addressed by the (double-entry theory), where he was taken at that time was what is known as constraint single.
The main double entry theory that every financial transaction the company must have two parties (or more), and that any party of them will belong to one of the main doors (asset / liability / property / income / Human expenses) and that the two parties (or more) Satotheran increase or decrease as a result of this process and that any financial transaction is subject to the rules of indebtedness and Aldainah where each major item is authentic nature of the (debtor or creditor) and the increase in the item be of the same nature (debtor or creditor) the decrease in it shall be reversed nature (debtor or creditor) and therefore as follows : - assets (in the city of origin) ----> If you increase the (debtor) -----> shortages (creditor) - liabilities (payable in origin) ----> If you increase the (creditor) - ---> shortages (debit) - property rights (payable in origin) ----> If you increase the (creditor) -----> shortages (debit) - revenue (payable in origin) ---- > If you increase the (creditor) -----> shortages (debit) - expenses (in the city of origin) ----> If you increase the (debtor) -----> shortages (creditor) and therefore if identify the main item of the parties to the process, it can be thrown with the utmost liquidity prepared in accordance with accounting rules and debt and creditors previously mentioned
But the double accounting have not heard of them
Thanks for the invitation
Differences:
* Double accounting system is an accounting system which is necessary only for government service rendering organisations while Double entry system is applicable for all types of organisations.
* In double accounting systems the balance sheet is divided into two parts, that is, capital account and general balance sheet while in double entry system only one balance sheet is prepared.
The difference between double account system and double entry systems are noted below:
1. Double account system is necessary only for Govt. service rendering org. but double entry system is applicable for all types of org.
2. In double account system balance sheet is divided into two part ie; Capital Account, and general balance sheet but in double entry system only one balance sheet is prepared.
Agreed with answers professor George ........
Full Agree With answer given by MR. georgei assi
full acceptance with all answers
Double entry systems means that transactions are recorded in terms of debits in one side (account) and credits in another, so the sum of all debits must equal the sum of all credits.
Double accounting system is the application of double entry theory in the financial records.
I agree with answer
george-assi
DOUBLE ENTRY SYSTEM AND DOUBLE ENTRY ACCOUNTING SYSTEM ARE ONE AND THE SAME, THERE IS NO DIFFERENCE BETWEEN DOUBLE ENTRY SYSTEM AND DOUBLE ENTRY ACCOUNTING SYSTEM.
Georgei Assi Has Given above a very good relevant and to the point answer
