Always private
DuckDuckGo never tracks your searches.
Learn More
You can hide this reminder in Search Settings
All regions
Argentina
Australia
Austria
Belgium (fr)
Belgium (nl)
Brazil
Bulgaria
Canada (en)
Canada (fr)
Catalonia
Chile
China
Colombia
Croatia
Czech Republic
Denmark
Estonia
Finland
France
Germany
Greece
Hong Kong
Hungary
Iceland
India (en)
Indonesia (en)
Ireland
Israel (en)
Italy
Japan
Korea
Latvia
Lithuania
Malaysia (en)
Mexico
Netherlands
New Zealand
Norway
Pakistan (en)
Peru
Philippines (en)
Poland
Portugal
Romania
Russia
Saudi Arabia
Singapore
Slovakia
Slovenia
South Africa
Spain (ca)
Spain (es)
Sweden
Switzerland (de)
Switzerland (fr)
Taiwan
Thailand (en)
Turkey
Ukraine
United Kingdom
US (English)
US (Spanish)
Vietnam (en)
Safe search: moderate
Strict
Moderate
Off
Any time
Any time
Past day
Past week
Past month
Past year
  1. Double-entry bookkeeping

    Double-entry bookkeeping, also known as double-entry accounting, is a method of bookkeeping that relies on a two-sided accounting entry to maintain financial information. Every entry to an account requires a corresponding and opposite entry to a different account. The double-entry system has two equal and corresponding sides, known as debit and credit; this is based on the fundamental accounting principle that for every debit, there must be an equal and opposite credit. A transaction in double-entry bookkeeping always affects at least two accounts, always includes at least one debit and one credit, and always has total debits and total credits that are equal. The purpose of double-entry bookkeeping is to allow the detection of financial errors and fraud. Wikipedia

    Was this helpful?
  2. en.wikipedia.org

    Double-entry bookkeeping, also known as double-entry accounting, is a method of bookkeeping that relies on a two-sided accounting entry to maintain financial information. Every entry to an account requires a corresponding and opposite entry to a different account. The double-entry system has two equal and corresponding sides, known as debit and credit; this is based on the fundamental ...
  3. freshbooks.com

    Double-entry bookkeeping is an accounting system where every transaction is recorded in two accounts: a debit to one account and a credit to another. For example, if a business takes out a $5,000 loan, the cash (asset) account is debited to $5,000 and the outstanding debt (liability) account is credited $5000.
  4. quickbooks.intuit.com

    Double-entry bookkeeping examples. Suppose a business sells $1,000 worth of products for cash. In double-entry bookkeeping, this transaction has two parts: debit the cash account by $1,000 (increasing assets as cash comes into the business) and credit the sales revenue account by $1,000 (reflecting income earned.)
  5. coursera.org

    The five main types of accounts used in double-entry bookkeeping are: Asset accounts represent the resources of a business, such as cash, inventory, and equipment. Liability accounts represent the debts of a business, such as loans and accounts payable. Income accounts represent the revenue of a business, such as sales and interest income
  6. beginner-bookkeeping.com

    the basic steps of double entry bookkeeping. Business transactions produce documents.; The information from the documents is recorded into journals.; The data is taken from the journals and entered (posted) into ledgers.; Each ledger contains various accounts, listed in the chart of accounts.; These accounts are totaled and balanced in line with the accounting equation.
  7. accountingforeveryone.com

    Double entry bookkeeping is a widely used accounting method that involves recording financial transactions in two accounts - a debit account and a credit account. The method is based on the principle that every transaction has two effects - a debit and a credit. By recording both effects in separate accounts, double entry bookkeeping ...
  8. patriotsoftware.com

    Double-entry bookkeeping is an accounting method where you equally record a transaction in two or more accounts. A credit is made in at least one account, and a debit is made in at least one other account. The double-entry bookkeeping method is based on the idea that every business transaction has equal and opposite effects on at least two ...
  9. Double-entry bookkeeping gets its name because there are at least two entries for every transaction. There may be more. For example, a sale may: increase revenue. lower inventory. create a tax liability on the sales tax you collected. And it can get bigger than that. The more complex the transaction, the more entries there are.

    Can’t find what you’re looking for?

    Help us improve DuckDuckGo searches with your feedback

Custom date rangeX