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Write any two features of double entry system.

+1 vote

asked Mar 29, 2019 in Class 12 by kratos

Write any two features of double entry system.

class-11
theory base of accounting
class-10
single entry system
class-12
accounts from incomplete records

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1 Answer

+6 votes

answered May 20, 2020 by kratos

Best answer

The two features of double entry system are:

It maintain complete record of all transactions.
It is a costly system and requires a specialised skills to maintain.

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