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Chemonics International

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Chemonics International interview question

What is double entry

Interview Answers

Anonymous

19 Aug 2020

In accounting equation, one account surrenders the benefit (giving out) ,while another account retains (receives) the benefit.

Anonymous

19 Aug 2020

To every transaction in accountancy, there are two entry, the Debit or the Credit, depending on whether one is dealing with costs or revenues, the benefits could be the opposite of the other.