What is Double Entry Accounting | Why It’s Essential To Know?

Double entry accounting example

Your Most Burning Questions About what is double entry accounting Definition of double entry accounting is the double entry system of accounting or bookkeeping means that every business activity will connect two accounts debit and credit. Dual entry is the basic concepts of present-day bookkeeping and accounting. In all business, even if uses cash basis method or … Read moreWhat is Double Entry Accounting | Why It’s Essential To Know?

Double Entry Accounting History | To Know The Unknown

Double Entry bookkeeping history

Do you want to know about accounting then read it’s history? Double entry history Double entry accounting system first invented in Italy by a church father who’s named Luca Bartolomes Pacioli. He was the mathematician and contemporary of Leonardo Da Vinci. He wrote a book which name was “Summa de Arithmetica, geometry, proportions et proportionalità”. … Read moreDouble Entry Accounting History | To Know The Unknown