Double entry bookkeeping processing statement( bookkeeping, processing, statement ) means entering transactions into accounts twice.
what is double-entry bookkeeping ?
It is a system so because every entry to an account requires a corresponding and opposite entry to a different account.
a receipt given by a shop to a customer who has returned goods, which can be offset against future purchases.
an entry recording a sum owed, listed on the left-hand side or column of an account.
a definite or clear expression of something in speech or writing.
double entry is denoting a system of bookkeeping in which each transaction is entered as a debit in one account and a credit in another
Single-entry bookkeeping:
gives you details about the delivery
shows your debits
tracks basic income and expenditures as these transactions occur
double entry bookkeeping demonstrates the effect of each transaction on the company's overall finances.
