EPISODE · Dec 8, 2021 · 10 MIN
Double entry bookkeeping
from Cloud Poetry · host Yanyan Huang
Double-entry bookkeeping, in accounting, is a system of book keeping where every entry to an account requires a corresponding and opposite entry to a different account. The double-entry has two equal and corresponding sides known as debit and credit. Assets = Liabilities + Equity
What this episode covers
Double-entry bookkeeping, in accounting, is a system of book keeping where every entry to an account requires a corresponding and opposite entry to a different account. The double-entry has two equal and corresponding sides known as debit and credit. Assets = Liabilities + Equity
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Double entry bookkeeping
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