Question

what is double entry bookkeeping​

Answer 1

Answer:

Double-entry bookkeeping,in accounting,is a system of bookkeeping 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.The left-hand side is debit and right-hand side is credit

Answer 2

Answer:

Double entry, a fundamental concept underlying present-day bookkeeping and accounting, states that every financial transaction has equal and opposite effects in at least two different accounts. It is used to satisfy the accounting equation.

Assets=Liabilities+Equity