State some limitations of double entry system.

Why double entry system is called the scientific method?

The following transactions are obtained from the books of Mr. Sajjad for the month of December, 2023 :

December 1  Mr. Sajjad invested cash Tk. 200,000 and furniture Tk. 50,000 into business
                    5 Purchase office supplies for cash Tk. 30,000 and on account Tk. 20,000.
                   15 Received cash Tk. 100,000 for services rendered.
                  22 Paid office rent Tk. 10,000 for the month.
                  24 Insurance paid in advance Tk. 5,000.
                  27 Paid salaries Tk. 25,000 for the month.
                  31 Mr. Sajjad withdrew Tk. 10,000 for personal use.

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