quiz

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Double entry [blank_start]bookkeeping[blank_end] means entering transactions into accounts twice.

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what is double-entry bookkeeping ?

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It is a system so because every entry to an account requires a corresponding and opposite entry to a different account.
a receipt given by a shop to a customer who has returned goods, which can be offset against future purchases.
an entry recording a sum owed, listed on the left-hand side or column of an account.
a definite or clear expression of something in speech or writing.

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double entry is denoting a system of bookkeeping in which each transaction is entered as a debit in one account and a credit in another

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Single-entry bookkeeping:

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double entry bookkeeping demonstrates the effect of each transaction on the company's overall finances.

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Resource summary

	Created by lorenzobellentan about 9 years ago