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Single Entry VS Double Entry Single Entry VS Double Entry

Bookkeeping

Keeping track of a company’s financial transactions, organising them for future reference, and creating financial statements is known as bookkeeping. Organisations use either a...

Bookkeeping

Financial statements are extremely important from a business point of view. Whether you’re a large scale multinational corporation or a small and medium enterprise,...

Bookkeeping

A contra entry is an entry that is recorded when both the debit and credit affect the same account and which results in a...

Bookkeeping

All businesses – big or small – need to maintain fine records of their transactions. As the number of transactions increases, it becomes critical...

Bookkeeping

Regardless of size, every business thrives on the systematic recording of its day-to-day financial transactions. Small business bookkeeping provides small enterprises with a simple...

Bookkeeping

Double Entry Accounting using the Double Entry bookkeeping system is the most scientific and accurate method of accounting that states that each transaction has...