What do you mean by double entry system of accounting? – Detailed Answer 2026

If you’re searching for the answer to “what do you mean by double entry system of accounting“,
you’ve come to the right place. This is a common question that many people ask,
and we’ll provide a comprehensive answer with detailed information.

Answer to: what do you mean by double entry system of accounting

every entry to an account requires a corresponding and opposite entry to a different account

Double – entry bookkeeping , in accounting , is a system of bookkeeping so named because every entry to an account requires a corresponding and opposite entry to a different account . For instance , recording earnings of $100 would require making two entries : a debit entry of $100 to an account named “ Cash ” and a credit entry of $100 to an account named “ Revenue . ”

Detailed Information about Accounting

Understanding this topic requires looking at various aspects and related information.
The context provided above gives us insight into the subject matter.

This question falls under the categories: Cong nghe

Related Topics

• what happens to dr shepherd on grey’s
• what happened to the twin towers in new york
• what were some characteristics of flappers (the modern woman of the 20s)
• name some components of the central nervous system (cns)
• the most common system of land title in australia

Frequently Asked Questions