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Grade XI  Chapter - 2           Double Entry Bookkeeping System Meaning: Double entry book keeping system is a modern and scientific system of recording financial transactions. It recognizes the two aspects of every financial transaction and both of these are recording books of accounts. The system of making two entries for recording a transaction in the books of each contracting party is called the double entry bookkeeping system. Features of double entry bookkeeping system: 1. Double effect: - It follows the principles of double aspect by debiting and crediting the transactions. Every transaction has two fold effects : debit and credit. So, it has features of duality in the accounting system . 2.   Equal effect : - It assumes that debit must be equal to credit amount. It considers the e...

  We have collected and presented here the Ways with words exercises from all Units of Grade XI Compulsory English section one: Language Development This is the second part that contains from Unit 11 to Unit 20. For first part, click here .     Unit - 11                                                          Arts   and   Creation n          A.  Find the correct meaning of the underlined words:         a.     Martin Luther Started a revolt against the convention of the roman                       Catholic Church :- Customs         b.     It ...