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Double-entry accounting is a system of recording transactions in two parts, debits and credits. Learn how to apply it here.
Double-entry accounting is a bookkeeping method that records two entries (one debit and one credit) for each business transaction.
Double entry is the standard accounting method that requires every financial transaction to be recorded twice to reflect both a credit and a debit.
Double-entry bookkeeping is a system that tracks the way funds flow within a business by accounting for transactions as transfers from one account, or bookkeeping category, to another. In double ...
Learn about the double-entry method of bookkeeping and how it works in the general ledger. Every accounting transaction has two effects on finances.
This system created a self-balancing accounting system owners could use when recording financial transactions. Double-entry accounting eventually gave rise to the accounting equation.
The first treatise on double-entry bookkeeping came from the mind and pen of Luca Pacioli. If you've ever wondered why there is a system of accounting software named after a Renaissance era ...
The Accounting Review, Vol. 91, No. 1 (JANUARY 2016), pp. 299-315 (17 pages) The emergence of double entry bookkeeping marked the shift in bookkeeping from a mechanical task to a skilled craft, and ...