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What is actually meant by Double Entry Systems?

What is actually meant by Double Entry Systems?

by Ebrahim Bin Yousuf Bhuiyan 193-15-13469 -
Number of replies: 0

Double entry systems means that every transaction will have minimum of two effects. Like if I buy an equipment my asset will increase, also my cash will decrease. So, like this every transaction will have two effects at least and this is called the double entry system.