BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Double-entry bookkeeping is a method of recording transactions where for every business transaction, an entry is recorded in at least two accounts as a debit or credit. In a double-entry system, the amounts recorded as debits must be equal to the amounts recorded as credits.

Detailed explanation-2: -Double-entry accounting is a system of bookkeeping that accountants use to record every financial transaction twice: once as a debit and then as a credit. Debits represent money paid into an account, and credits represent value transferred out of an account.

Detailed explanation-3: -Double Entry System of Accounting means every business transaction involves at least two accounts. In other words, every business transaction has an equal and opposite effect in minimum two different accounts. Thus, this system of accounting is based on the Dual Aspect Concept of accounting.

Detailed explanation-4: -Double-entry accounting is a system that requires two book entries-one debit and one credit-for every transaction within a business.

Detailed explanation-5: -Principles of Double-Entry System of Bookkeeping Debit is written to the left, credit on the right. Every debit must have a corresponding credit.