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What is actually meant by Double Entry Systems?

What is actually meant by Double Entry Systems?

by Md.Salman Hossain Shakil -
Number of replies: 0

The main principle of the double-entry system is that for every debit there is a corresponding credit for an equal amount of money and for every credit there is a corresponding debit for an equal amount of money.for every transaction one account is debited for the amount of transaction and the other account.