What is the purpose of the Partida Doble method in accounting? a) To register or record commercial transactions that a company makes. b) To group...
What is the purpose of the Partida Doble method in accounting?
a) To register or record commercial transactions that a company makes.
b) To group movements so that the amounts are always added up.
c) To obtain summaries of figures through which, once analyzed, we can appreciate the results of the company.
d) To control expenses and investments.
a) To register or record commercial transactions that a company makes.
b) To group movements so that the amounts are always added up.
c) To obtain summaries of figures through which, once analyzed, we can appreciate the results of the company.
d) To control expenses and investments.
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The purpose of the Partida Doble method in accounting is: a) To register or record commercial transactions that a company makes. This method ensures that every transaction is recorded in at least two accounts, with one account debited and another account credited. This helps maintain the balance between assets, liabilities, and equity in the accounting equation.
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