Double-entry bookkeeping
In double-entry bookkeeping, each transaction affects at least two accounts and total debits equal total credits. It keeps the accounting equation in balance and helps detect one-sided errors.
Example
Dr Equipment $2,000 / Cr Cash $2,000.
Learn and practice it
Double-entry bookkeeping — Why every transaction has equal debits and credits, and how to build a balanced entry step by step.
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