Accounting Dictionary - Letter D

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Double-entry recording system
provides for the equality of total debits and total credits. Each transaction is recorded with a debit and a credit (i.e., it's recorded twice) which results in equal balances in total debits and total credits. Double-entry recording system is fundamental to modern accounting.
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