Double Entry System:
Double Entry System is introduced by"LUCAPACIOLO" in modern methods in 1494 . Every transaction should write in two accounts is " Receiving aspect" and another is " Giving aspect". The receiving aspect is known as two fold aspects. It is a complete, accurate and scientific system of accounting. Because it will be taken from personal accounts Real accounts, and Nominal accounts. It is possible to prepare final accounts at the end of the accounts at the end of the year.