Accounting Manager Question: Download Questions PDF
Explain me the types of accounts involved in double entry book-keeping?
Answer:
Double entry book-keeping involves five types of accounts,
☛ Income accounts
☛ Expense accounts
☛ Asset accounts
☛ Liability accounts
☛ Capital accounts
☛ Income accounts
☛ Expense accounts
☛ Asset accounts
☛ Liability accounts
☛ Capital accounts
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