[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-seo-648024-105":59,"doc-detail-648024-en":130},{"code":4,"msg":5,"data":6},0,"success",[7,13,18,23,28,33,38,43,48,51,55],{"id":8,"doc_module":4,"doc_module_name":9,"category_name":10,"show_sort_weight":11,"slug":12},1,"Document","Story & Novel",90,"story-novel",{"id":14,"doc_module":4,"doc_module_name":9,"category_name":15,"show_sort_weight":16,"slug":17},2,"Literature",80,"literature",{"id":19,"doc_module":4,"doc_module_name":9,"category_name":20,"show_sort_weight":21,"slug":22},4,"Exam",70,"exam",{"id":24,"doc_module":4,"doc_module_name":9,"category_name":25,"show_sort_weight":26,"slug":27},5,"Comic",60,"comic",{"id":29,"doc_module":4,"doc_module_name":9,"category_name":30,"show_sort_weight":31,"slug":32},6,"Technology",50,"technology",{"id":34,"doc_module":4,"doc_module_name":9,"category_name":35,"show_sort_weight":36,"slug":37},7,"Healthcare",40,"healthcare",{"id":39,"doc_module":4,"doc_module_name":9,"category_name":40,"show_sort_weight":41,"slug":42},8,"Research & Report",30,"research-report",{"id":44,"doc_module":4,"doc_module_name":9,"category_name":45,"show_sort_weight":46,"slug":47},9,"Religion & Spirituality",20,"religion-spirituality",{"id":46,"doc_module":4,"doc_module_name":9,"category_name":49,"show_sort_weight":46,"slug":50},"World Cup","world-cup",{"id":52,"doc_module":4,"doc_module_name":9,"category_name":53,"show_sort_weight":52,"slug":54},10,"Lifestyle","lifestyle",{"id":56,"doc_module":4,"doc_module_name":9,"category_name":57,"show_sort_weight":24,"slug":58},19,"General","general",{"code":4,"msg":60,"data":61},"ok",{"site_id":62,"language":63,"slug":64,"title":65,"keywords":66,"description":67,"schema_data":68,"social_meta":123,"head_meta":125,"extra_data":127,"updated_unix":129},105,"en","the-double-entry-system-read-online-free","The double-entry system - read online free","","The document explains the double-entry system used in accounting to record business transactions, emphasizing that each transaction affects two items. It contrasts simple balance-sheet preparation with the need for details about debtors, creditors, and specific financial figures. The guide introduces T-accounts (ledger accounts), defining the left debit (Dr) side and the right credit (Cr) side. Worked examples show journal-style entries for capital introduced, purchases paid in cash, credit purchases, settling creditors later in cash, and drawings taken by the proprietor.",{"@graph":69,"@context":122},[70,84,105],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/the-double-entry-system-read-online-free/648024/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/the-double-entry-system-read-online-free/648024.png","ImageObject",300,407,{"name":92,"@type":93},"QWQ","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-30","2026-10-23",true,{"@type":102,"interactionType":103,"userInteractionCount":14},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"Why does the double-entry system record two items for each transaction?","Question",{"text":112,"@type":113},"Every business transaction affects two items. Double-entry accounting records both sides so the accounts reflect the full financial impact.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"What do the debit (Dr) and credit (Cr) sides mean in a T-account?",{"text":117,"@type":113},"In a T-account, the left side is the debit (Dr) side and the right side is the credit (Cr) side.",{"name":119,"@type":110,"acceptedAnswer":120},"How are drawings recorded when the proprietor withdraws money for personal use?",{"text":121,"@type":113},"Drawings are recorded using double-entry through the Drawings account, with an offset in cash when money is taken out.","https://schema.org",{"og:url":83,"og:type":124,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":126,"canonical":83},"index,follow",{"doc_id":128,"site_id":62},648024,1792791797,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":92,"user_avatar":133,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":14,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":14,"language":139,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":140,"faqs":141,"seo_title":142,"seo_description":67,"update_tm":129,"read_time":24},962094510011,"https://ap-avatar.wpscdn.com/davatar_155a257f0dc6eb9ab79c44ca47cae57d","Prepared by D. El-Hoss  \nThe double-entry system for Assets, Capital, Drawings & Liabilities  \nThe double-entry system  \nWe have seen from the horizontal balance sheet that every business transaction affects two items. In accounting we use the double-entry system to record the information.  \nIt may be thought that drawing up a new balance sheet after each transaction would provide all the information required. However, a balance sheet does not given us enough detail on who the debtors and creditors actually are and what financial figures apply to each.  \n•  \nThe accounts for double-entry  \nThe double-entry system divides each account into two halves in the form of a'T' Consequently each account is commonly referred to as ‘T ’ or Ledger accounts.  \nThe left side of the 'T' account is called the debit (Dr) side and the right side is known asthe credit (cr) side.  \n1. The owner starts the business with $10,000 in cash on August 1.  \nDr Cash Account Cr  \n\n| $ | $ |\n| --- | --- |\n| August 1 Capital 10,000 |  |\n| Dr Capital Account Cr |  |\n| $ | $ |\n|  | August 1 Cash 10.000 |\n| 2. A motor van is bought for $2,750 on 2 August |  |\n| Dr Motor Van Account Cr |  |\n| $ | $ |\n| Aug 2 Cash 2,750 |  |\n| Dr Cash Account Cr |  |\n\nAug 1  \nCapital  \n$10,000  \nAug 2  \nMotor Van  \n$2,750  \n[www.igcseaccounts.com](www.igcseaccounts.com)  \nPrepared by D. El-Hoss  \n3. Fixtures bought on credit from Furniture Fitters on 3 August for $1,150 .  \nDr Fixtures Account Cr  \n\n| August 3 Furniture Fitters\u003Cbr>$1,150\u003Cbr>$\u003Cbr>Dr Furniture Fitters Account Cr |  |  |  |\n| --- | --- | --- | --- |\n| $\u003Cbr>August 3 Fixtures\u003Cbr>$ 1, 150\u003Cbr>4. Paid the amount owing to Furniture Fitters ($1,150) in cash on 18 August.\u003Cbr>Dr Furniture Fitters Account Cr |  |  |  |\n| August 17 Cash\u003Cbr>Dr |  | $ $\u003Cbr>1150 August 3 Fixtures 1150\u003Cbr>Cash Account Cr |  |\n| August 1 Capital\u003Cbr>$\u003Cbr>10,000\u003Cbr>August 2\u003Cbr>August 17\u003Cbr>Motor Van Furniture Fitters\u003Cbr>$\u003Cbr>2,750\u003Cbr>1,150\u003Cbr>Drawings\u003Cbr>When a business-person withdraws anything from the firm for his or her personal use this has to be recorded using double-entry.\u003Cbr>Example\u003Cbr>25th August Proprietor (Owner) takes $50 cash out of the business for his own use.\u003Cbr>Dr Drawings Account Cr |  |  |  |\n| Aug 25\u003Cbr>Dr | Cash | $50\u003Cbr>Cash | $\u003Cbr>Account Cr |\n\nAugust 1  \nCapital  \n$10,000  \nAugust 2  \nAugust 17  \nAugust 25  \nMotor Van Furniture Fitters Cash  \n$  \n2,750  \n1,150 50  \n[www.igcseaccounts.com](www.igcseaccounts.com)","cbCairIzOR7U2GUY","https://ap.wps.com/l/cbCairIzOR7U2GUY","pdf",548147,"English","# Accounts for double-entry\n## T-accounts (debit and credit sides)\n# Worked examples of transactions\n## Capital introduced\n## Cash purchases\n## Credit purchases and settlement\n## Drawings by the proprietor","[{\"question\":\"Why does the double-entry system record two items for each transaction?\",\"answer\":\"Every business transaction affects two items. Double-entry accounting records both sides so the accounts reflect the full financial impact.\"},{\"question\":\"What do the debit (Dr) and credit (Cr) sides mean in a T-account?\",\"answer\":\"In a T-account, the left side is the debit (Dr) side and the right side is the credit (Cr) side.\"},{\"question\":\"How are drawings recorded when the proprietor withdraws money for personal use?\",\"answer\":\"Drawings are recorded using double-entry through the Drawings account, with an offset in cash when money is taken out.\"}]","The double-entry system - read online free | PDF"]