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What is Double-Entry Bookkeeping Basics about?

Haziq starts a business and records financial transactions using double-entry bookkeeping. Double-entry bookkeeping requires that every transaction has two equal entries - a debit and a credit. Transactions are recorded in ledger accounts that have debit and credit sides. Worked examples show how cash transactions such as depositing initial capital, purchasing assets and inventory, and making sales are recorded through double-entry bookkeeping entries.

Author

Kaashif

Language

EN