Double Entry: What It Means in Accounting and How It's Used

Double entry is an accounting term stating that every financial transaction has equal and opposite effects in at least two different accounts.

SOLVED: 1) Describe the two distinct types of accounting and explain how they are different. 2) Define double-entry bookkeeping and describe how and why it is used when recording transactions. 3) Phelix

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What Is Double-Entry Bookkeeping? A Simple Guide for Small Businesses

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