[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-seo-650734-105":59,"doc-detail-650734-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-rules-and-principles-of-double-entry-double-entry-accounting","The rules and principles of double entry - Double-entry accounting","","Double entry bookkeeping records each business transaction with a dual aspect: every transaction must be both debited and credited. The system uses ledger accounts presented as T-accounts, with separate pages or separate computer files per account. Debit side is the left-hand side and credit side the right-hand side, including clear account titles. Core account groups include assets, liabilities, capital, expenses, income, drawings, and loans, summarized by the DEAD CLIC acronym.",{"@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-rules-and-principles-of-double-entry-double-entry-accounting/650734/",{"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-rules-and-principles-of-double-entry-double-entry-accounting/650734.png","ImageObject",300,407,{"name":92,"@type":93},"asba","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-30","2026-10-24",true,{"@type":102,"interactionType":103,"userInteractionCount":24},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"What does double entry mean in bookkeeping?","Question",{"text":112,"@type":113},"Double entry records business transactions so each one has a dual aspect, requiring both a debit and a credit.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"How do you decide whether to debit or credit an account?",{"text":117,"@type":113},"Assets are debited for increases and credited for decreases; liabilities are credited for increases and debited for decreases; capital uses credit for increases and debit for decreases.",{"name":119,"@type":110,"acceptedAnswer":120},"How should T-accounts be completed in double entry?",{"text":121,"@type":113},"Keep records on T-accounts, show each account separately, write the account title centered across the account, place debits on the left and credits on the right.","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},650734,1792842015,{"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":24,"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},3985747872567,"https://ap-avatar.wpscdn.com/davatar_276721f389ce27ea32af1340a28f341c","The rules and principles of double entry  \nWhat is Double Entry?  \nThe whole concept of double entry process is to record business transactions. Each transaction must have a dual aspect (meaning all transactions needs to be both debited and credited). We record transactions in a ledger account (also called a ‘T’ account) . Each account in the ledger will occupy a separate page; in a computerised system, the ledger will consist of a computer file, divided into separate accounts.  \nThe main accounts that are used are: bank, cash, capital, expenses, income, drawings and loans. A useful acronym to remember is DEAD CLIC. The acronym helps you remember what would be debited or credited in the ledger accounts.  \nD Debit E Expenses A Assets  \nD Drawings  \nC Credit L Liabilities I Income C Capital  \nThe following points are necessary when completing double entry:  \n• Records are kept on T-Accounts  \n• Each account should be shown separately  \n• The left hand side of the account is the Debit side  \n• The right hand side of the account is the Credit side  \n• The title of each account is written across the account at the centre  \nBasic rules of Double Entry  \nUsually a transaction would increase or decrease the Asset, Liability and Capital.  \n\n| Accounts | To Record | Entry in the account |\n| --- | --- | --- |\n| Assets | 1. An increase\u003Cbr>2. A decrease | 1. Debit\u003Cbr>2. Credit |\n| Liabilities | 1. An increase\u003Cbr>2. A decrease | 1. Credit\u003Cbr>2. Debit |\n| Capital | 1. An increase\u003Cbr>2. A decrease | 1. Credit\u003Cbr>2. Debit |\n\nThis is an example of double entry booking.  \nDr  Bank Account   Cr  \n\n| Date | Detail | £ | Date | Detail | £ |\n| --- | --- | --- | --- | --- | --- |\n| 1 Feb | Capital | 3,000 | 3 Feb | Purchases | 100 |\n| 2 Feb | Sales | 250 | 5 Feb | Wages | 150 |\n| 7 Feb | Sales | 300 | 12 Feb | Purchases | 200 |\n| 15 Feb | J Walters loan | 1,000 | 20 Feb | Computer | 1,950 |\n| 25 Feb | Sales | 150 | 27 Feb | Wages | 125 |\n\nDr  Capital Account  Cr  \n\n| Date | Detail | £ | Date | Detail | £ |\n| --- | --- | --- | --- | --- | --- |\n|  |  |  | 1 Feb | Bank | 3,000 |\n\nDr  Sales Account   Cr  \n\n| Date | Detail | £ | Date | Detail | £ |\n| --- | --- | --- | --- | --- | --- |\n|  |  |  | 2 Feb | Bank | 250 |\n|  |  |  | 7 Feb | Bank | 300 |\n|  |  |  | 25 Feb | Bank | 150 |\n\nDr Purchases Account   Cr  \n\n| Date | Detail | £ | Date | Detail | £ |\n| --- | --- | --- | --- | --- | --- |\n| 3 Feb | Bank | 100 |  |  |  |\n| 12 Feb | Bank | 200 |  |  |  |\n\nDr Wages Account  Cr  \n\n| Date | Detail | £ | Date | Detail | £ |\n| --- | --- | --- | --- | --- | --- |\n| 5 Feb | Bank | 150 |  |  |  |\n| 27 Feb | Bank | 125 |  |  |  |\n\nDr  J Walters: Loan Account   Cr  \n\n| Date | Detail | £ | Date | Detail | £ |\n| --- | --- | --- | --- | --- | --- |\n|  |  |  | 15 Feb | Bank | 1,000 |\n\nDr  Computer Account  Cr  \n\n| Date | Detail | £ | Date | Detail | £ |\n| --- | --- | --- | --- | --- | --- |\n| 20 Feb | Bank | 1,950 |  |  |  |","cbCaikLZQkZ3EM0D","https://ap.wps.com/l/cbCaikLZQkZ3EM0D","pdf",93290,"English","# What is Double Entry?\n# Basic rules of Double Entry\n# Necessary points when completing double entry\n# Account entry rules (Assets, Liabilities, Capital)\n# Example of double entry booking","[{\"question\":\"What does double entry mean in bookkeeping?\",\"answer\":\"Double entry records business transactions so each one has a dual aspect, requiring both a debit and a credit.\"},{\"question\":\"How do you decide whether to debit or credit an account?\",\"answer\":\"Assets are debited for increases and credited for decreases; liabilities are credited for increases and debited for decreases; capital uses credit for increases and debit for decreases.\"},{\"question\":\"How should T-accounts be completed in double entry?\",\"answer\":\"Keep records on T-accounts, show each account separately, write the account title centered across the account, place debits on the left and credits on the right.\"}]","The rules and principles of double entry - Double-entry accounting | PDF"]