What do you understand by book-keeping and a Ledger Account? Differentiate between both of them.

“In Double Accounting System every Naam amount has same and equal deposit amount.” Explain the statement and its stages.

Describe the main merits and demerits of double Accounting System.

Describe the main activities of accounting?

What is Mahajani Accounting System? Mention the main features of Mahajani Accounting System.