<P> Double - entry bookkeeping , in accounting , is a system of bookkeeping so named because every entry to an account requires a corresponding and opposite entry to a different account . For instance , recording earnings of $100 would require making two entries : a debit entry of $100 to an account named `` Cash '' and a credit entry of $100 to an account named `` Revenue . '' </P>
<P> Double - entry bookkeeping , in accounting , is a system of bookkeeping so named because every entry to an account requires a corresponding and opposite entry to a different account . For instance , recording earnings of $100 would require making two entries : a debit entry of $100 to an account named `` Cash '' and a credit entry of $100 to an account named `` Revenue . '' </P>
what do you mean by double entry system of accounting
what do you mean by double entry system of accounting
every entry to an account requires a corresponding and opposite entry to a different account
every entry to an account requires a corresponding and opposite entry to a different account