WhAT IS THE Difference between double account system and double entry system?

1 answer

Answer

1043604

2026-05-06 03:05

+ Follow

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.

ReportLike(0ShareFavorite

Copyright © 2026 eLLeNow.com All Rights Reserved.