The disadvantage of double entry system,
☛ If there is any compensatory errors, it is difficult to find out by this system
☛ This system needs more clerical labour
☛ It is difficult to find the errors if the errors are in the transactions recorded in the books
☛ It is not preferable to disclose all the information of a transaction, which is not properly recorded in the journal
Tell us what is working capital?
What is ledger?
What is General ledger account?
Mention what is Bank Reconciliation?
What is “deposit in transit”?
Explain me what is accrual accounting?
Explain the term account payable?
What is the Master Account?
Tell me what are your strengths as an accounting professional?
Explain me do you know about separate responsibilities?
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