double entry principle how to record a transaction on the debit and credit side of the account

the double entry principle states that for every debit entry in an account, there will be a corresponding credit entry in another account and vice versa. this is the major rule for recording into all ledger accounts.

to debit an account means to record a transaction on the debit side of the account (left-hand side)

to credit an account means to record a transaction on the credit side of the account (right-hand side)

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double entry principle how to record a transaction on the d



double entry principle how to record a transaction on the debit and credit side of the account the double entry principle states that for every debit entry in an account, there will be a corresponding credit entry in another account and vice versa. this is the major rule for recording into all ledger accounts.to debit an account means to record a transaction on the debit side of the account (left-hand side)to credit an account means to record a transaction on the credit side of the account (right-hand side)to get an elaborate summary on ledger account, click this clickhttps://www.hstutorial.com/ledger-accountsto enroll in our financial accounting course, click on the link belowhttps://www.hstutorial.com/courses/financial-accountingto download your assignment, click herehttps://www.hstutorial.com/download-assignmentto join our students forum where we publish answers (in less than 48 hours) to different accounting questions, click on the link below to follow us on instagramhttps://www.instagram.com/hs_tutorialwatch more financial accounting tutorials herehttps://www.youtube.com/playlist?list=playtpi7bi4b05rkvdzlgycqwcgtp7x9jh#hstutorial #onlinetutorialforstudents

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