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Double Entry Accounting
The short answer
An accounting system where every transaction affects at least two accounts, with debits and credits balancing.
What is Double Entry Accounting?
An accounting system where every transaction affects at least two accounts, with debits and credits balancing.
About this page. Written by Associate Professor Charles Lo, CPA, PhD. Checked against reliable sources before publication. No ads and no paywall. Editorial standards · How we fact check · Corrections log · Report an error
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