Accounting is as ancient as man's attempts to transact with fellow human beings. With the agency of money measurement in economically useful activities,accounting became the most go-ahead tool. At the center of all accounting principles is the rapaciousness to ensure accuracy besides consistency. This takes the form of double entry system of accounting. The 15th century Italian mathematician, Frater Luca Pacioli, first extolled about the description of the system.Double entry method offers a convenient and clear format in that disc transactions....