Category: DOUBLE ENTRY BOOK KEEPING

Under double entry, every transaction is recorded with two effects. i.e. Debit (Dr.) and Credit (Cr.)such that the value of Debit and Credit is equal in every accounting entry.Below are

Some general ledger accounts such as accounts receivable or accounts payable are made up of many sub-components, For example, a company may have many debtors (credit customers) and multiple transactions