Q1 of 20 Page 165

Which is the most scientific methods of accounting or book-keeping?

Double accounting system is most scientific because every transaction is recorded twice and which match with others which reduces the chances of error. Different journal and ledgers are printed which are used for generating trial balance, profit and loss account and balance sheet which are analysed to get financial information about the performance of the organisation, all these features make it a scientific method of accounting.

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