GuestDouble Entry
Source: Clackr sample text
Every transaction touches at least two accounts. For each debit there is an equal and matching credit, which is why the books of a business always balance. When the trial balance does not agree, an error is waiting to be found.
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About Accounting
Accounting principles in short, plain-language summaries: double entry, accrual, going concern and prudence, then Ind AS topics such as inventories, cash flows, events after the reporting period, income taxes, property, plant and equipment, employee benefits, government grants and foreign currency.