by: Admin_LouisPosted on:

The only system which signifies a way of recording all accounting transactions twice in the book of account is

The only system which signifies a way of recording all accounting transactions twice in the book of account is
Double column cash book system
Contra entry system
Double entry system
Debit and credit entry system

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  1. Reconciling the bank column of the cash book and the bank statement balances is treated under
  2. A subsidiary book which can conveniently cater for recording of special transaction like revaluation of asset is
  3. The amount set aside out of profit earned by a company and constitute part of shareholders fund is called
  4. Cheques deposited into the bank but have not been credited to the customer account by the bank as at the date of preparing the bank statement are called

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