What Is Double Entry System Of Accounting? (2marks)

What is Journal Proper ?(2 marks)

What is Concept? (2marks)

What is a Cash Discount ? (2 marks)

Who is a debtor? (2 marks)

1) under double  entry system every transaction has two aspects Debit & Credit & at the time of recording it is once recored on debit side and then on credit side also every time the amount is same  on both sides,

2) in journal proper we record the entries which are not related to cash, sale ,purchase sales return, purchase return b/p, b/r .  the entries recorded are which are not of this kind 

eg: discount

4)it is the discount allowed for timely payment of due amount it is an expense for party allowing the discount & income for the recieveing one.

5) debtor is the one who  takes place due to credit sale . ddebtor is a person who owes money to firm.

 and sry for not giving answer for concpet coz i m nt gettin it .. for which concept u r asking for ?

my ans

Persons or organisations that are liable to pay money to a firm are called debtors.Persons or organisations that are liable to pay money to a firm are called debtors.

double entry system of accounting refers that for every transaction that is carried on in any business will have a debit and credit aspect..