The double-entry system of record keeping ensures that all accounts remain in balance. It does not ensure that the records are free from errors, but does represent the fact that if there is an increase or decrease in one account there will be equal decrease or increase in another account. Explain why having equal debits and credits in every journal entry is so important. How can you use these concepts and ideas to balance your life as a student with family, work, Church, leisure time, etc.?
The double-entry system of record keeping
by | Mar 18, 2020 | Uncategorized
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