Double-Entry Accounting

May 9, 2026

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Double-entry accounting explains how to record business transactions by capturing the dual effects on the entity. It presents the accounting equation Assets = Liabilities + Owners’ Equity and links debit and credit sides to account categories. The material introduces T-accounts as the core account format and details the rules for increases and decreases across assets, liabilities, expenses, and revenue. It also covers balancing ledger accounts using carried balances (Bal c/d and Bal b/d) and provides a journal recording workflow: identify the transaction, specify affected accounts, classify account types, and apply debit/credit rules.

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Double-Entry Accounting

May 9, 2026

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