Approaches There are two different ways to record the effects of debits and credits on accounts in the double-entry system of bookkeeping. They are the Traditional Approach and the Accounting Equation Approach. Irrespective of the approach used, the effect on the books of accounts remains the same, with two aspects (debit and credit) in each of the transactions.
Approaches. There are two different ways to record the effects of debits and credits. on accounts in the double-entry system of bookkeeping They are the Traditional Approach and the Accounting Equation Approach Irrespective of the approach used, the effect on the books of accounts remains the same, with two aspects (debit and credit) in each of the transactions.