- It can be feasible to maintain a complete record of dual aspect of every single transaction.
- Transactions are recorded within a scientific and systematic manner and as a result the books of accounts produce one of the most trusted data for controlling the organization effectively and efficiently.
- Because the total debit within this system be the same as amount Credited, arithmetical accuracy with the books is often tested by methods of a trial balance.
- An earnings and expenditure accounts is often geared up to recognise the excess income/ expenditure through a specific period and to understand how such excess income/ expenditure has arisen
- This financial position with the Organization is often readily ascertained by setting up a Balance Sheet.
- Frauds are avoided, mainly because alteration in accounts becomes tough and uncovering of irregularities is facilitated.
This are some benefits of using double entry system.
