Kindly help on the below queries to have better understanding on how T24 works:
1. Does T24 follows general accounting equation for all its entries?
Asset = Liability + Shareholder's Equity
2. How T24 manages entries for capital investment of the share holders of the bank? What is the category used for posting those entries?
3. Is chart of accounts in classic accounting synonym for Category codes or consolidation keys in T24?
Kindly explain in detail. Any documents on this is really appreciated.
