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What are the objectives of double entry system |
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Answer» Followings are the objectives of double entry system :- 1. Keep the complete SYSTEMATICALLY and SCIENTIFICALLY records of every financial transaction . 2. To ascertain the profit or loss. 3. PROVIDE the financial INFORMATION of the business. 4. Provide the financial information of the business. 5. Check the ARITHMETICALLY accuracy of recording financial transaction. |
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