Answer Detail: RE: what is double entry book keeping

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Question: what is double entry book keeping

December 12, 2007 14:17:19	#6
mdffazal	Member Since: December 2007 Total Comments: 1
RE: what is double entry book keeping
Simple, double entry book keeping , actually we know that every thing have two aspect , in accounting systems each and every transaction treats as two aspects reciever/giver, what comes/ what goes out from business & all expenses and losses, here every transaction have two aspects mentioned above written in accounting term debit / cretid.So each one treated either debit/ credit as per golden rule of accounting