Similar words: double entry, public accounting, generally accepted accounting principles, accounting, income summary account, accounting cost, accounting cycle, accounting period.
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1 Using the double-entry accounting system, the sum of the debits must always equal the sum of the credits.
2 Before proceeding to the mechanics of the double-entry ac-counting system, we must examine one very important accounting concept.
3 In double-entry accounting, increases in assets are recorded on the debIt'side of assets accounts.
4 Double-entry accounting means that the amounts of debit AND credit entries must be equal when accounts record every business transactions.
5 Nowadays , the double-entry accounting is almost used in the world widely.
6 Useful features found in GnuCash include double-entry accounting, schedule recurring transactions and support for Quicken files (OFX/QFX) import/export.
7 "debits" and "credits" are words that have been tracked back five hundred years to a document describing today's double-entry accounting system.
More similar words: double entry, public accounting, generally accepted accounting principles, accounting, income summary account, accounting cost, accounting cycle, accounting period, accounting system, double entendre, accounting records, accounting standard, accounting equation, financial accounting, national income accounting, account receivable, computerized accounting system, controlling account, accountable, unaccountable, account payable, accounts payable, current account, savings account, account statement, accounts receivable, checking account, counting, statement of account, uncollectible accounts.