Global Accountant Magazine - Double Entry Debate!

Rules for formulating accounting entries are known as "Golden Rules of Accounting".

Double Entry is in a sense, the “spine” of accounting and all data inputed will eventually be extracted from the accounting system [software or ledger books] to create a Trial Balance; from that a Statement of Comprehensive Income [Income Statement] and a Statement of Financial Position [Balance Sheet].

Our discussion table has been created for YOU to Learn, Listen, Talk, Teach. [LLTT]. We welcome all Accountants to contribute to a better understanding.

The table is yours!


Siret

yes it is easy because i do my T account.

Yes, cause the double sides of Dr and Cr r all clearly and keep them equated without error.

its difficult!!!