Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is Double Entry Bookkeeping?

bookkeeping double
0
Posted

What is Double Entry Bookkeeping?

0 CommentsAdd a Comment

1 Answer

0

Double entry bookeeping is a standard accounting process which is characterized by making a balanced bookeeping entries using debits and credits to ensure accuracy. For each entry, the sum of the debits should equal the sum of the credits, otherwise an error has occurred.

0 CommentsAdd a Comment

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123