What Is Double Entry

𝐖𝐡𝐚𝐭 𝐈𝐬 𝐃𝐨𝐮𝐛𝐥𝐞 𝐄𝐧𝐭𝐫𝐲 𝐒𝐲𝐬𝐭𝐞𝐦 𝐎𝐟 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠?

      A double-entry system of accounting is a system of accounting. In this double entry, two accounts. The double-entry system provides two aspects of each transaction. One account is to be debited and the second account is to be credited. Both accounts record all transactions in accounting. which account receipts of goods are debited and the second account payment of cash is credited. The total amount debited is equal to the credited. 

A double entry system means two sides of entry in one account

𝐀𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞𝐬 𝐎𝐟 𝐃𝐨𝐮𝐛𝐥𝐞 𝐄𝐧𝐭𝐫𝐲

      1. The double entry system is a scientific recording business transaction system.

       2. In the system given to users complete records and the true or fair result of a business profit and loss.
       3. Under the system, no chance of any fraud and misunderstanding.
       4. This system shows the correct result of an enterprise's financial position.
       5. The double entry system is evidence in the court for business.
      6. The double entry system works for business making and making a decision.