what is meant by double entry bookkeeping
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Double entry bookkeeping is a system of accounting in which every transaction has a corresponding positive and negative entry (debits and credits)
Double entry bookkeeping is a system of accounting in which every transaction has a corresponding positive and negative entry (debits and credits)The double entry system of bookkeeping is based upon the fact that every transaction has two parts and that this will therefore affect two ledger accounts.
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hlo buddy
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it means that for every business means that for every business transaction amounts must be recorded in a minimum of two accounts
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