Listed here’s a useful example: Whenever a consumer pays their $one,000 Bill, in double-entry bookkeeping you’d document a debit on your banking account (increasing your assets) in addition to a credit to accounts receivable (lowering what clients owe you). This two-sided entry allows avert errors and presents a clearer audit https://small-business-bookkeepin20875.wikistatement.com/4617726/a_secret_weapon_for_small_business_bookkeeping