Question

what is double entry system answer in one sentance​

Answer 1

Answer:

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. The left-hand side is debit and right-hand side is credit.

Answer 2

Answer:

ᴅᴏᴜʙʟᴇ-ᴇɴᴛʀʏ ʙᴏᴏᴋᴋᴇᴇᴘɪɴɢ, ɪɴ ᴀᴄᴄᴏᴜɴᴛɪɴɢ, ɪs ᴀ sʏsᴛᴇᴍ ᴏғ ʙᴏᴏᴋ ᴋᴇᴇᴘɪɴɢ ᴡʜᴇʀᴇ ᴇᴠᴇʀʏ ᴇɴᴛʀʏ ᴛᴏ ᴀɴ ᴀᴄᴄᴏᴜɴᴛ ʀᴇǫᴜɪʀᴇs ᴀ ᴄᴏʀʀᴇsᴘᴏɴᴅɪɴɢ ᴀɴᴅ ᴏᴘᴘᴏsɪᴛᴇ ᴇɴᴛʀʏ ᴛᴏ ᴀ ᴅɪғғᴇʀᴇɴᴛ ᴀᴄᴄᴏᴜɴᴛ. ᴛʜᴇ ᴅᴏᴜʙʟᴇ-ᴇɴᴛʀʏ ʜᴀs ᴛᴡᴏ ᴇǫᴜᴀʟ ᴀɴᴅ ᴄᴏʀʀᴇsᴘᴏɴᴅɪɴɢ sɪᴅᴇs ᴋɴᴏᴡɴ ᴀs ᴅᴇʙɪᴛ ᴀɴᴅ ᴄʀᴇᴅɪᴛ. ᴛʜᴇ ʟᴇғᴛ-ʜᴀɴᴅ sɪᴅᴇ ɪs ᴅᴇʙɪᴛ ᴀɴᴅ ʀɪɢʜᴛ-ʜᴀɴᴅ sɪᴅᴇ ɪs ᴄʀᴇᴅɪᴛ.

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