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Tags: accounting
Categories: Economics & Finance
An accounting technique which records each transaction as both a credit and a debit. Credit entries represent the sources of financing, and the debit entries represent the uses of that financing. Since each credit has one or more corresponding debits (and vice versa), the system of double entry bookkeeping always leads to a set of balanced ledger credit and debit accounts.
(Read more: http://www.investorwords.com/1554/double_entry_bookkeeping.html#ixzz2KaS7l8eM)
