What Is Double Entry Book Keeping?
I Have to do a report on it and not entirely sure what to say.
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Double Entry book keeping is a term used in Accounting. It is a kind of book keeping system which is currently a standard for recording financial transactions in businesses and other organizations. Each transaction is recorded in at least two accounts where one of the accounts is debited and the other is credited and the total debits of the transaction equal the total credits. This helps in checking the accuracy of the accounts.
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