Double-entry system is fundamental to recordbusiness transactions in which each transaction isrecorded by an equal amount in two or moreconnected accounts.It reflects the capital activities and the cause andeffect of changes of capital and operating resultsIt helps verify entry recording and guarantee thevalidityofentries
◼ Double-entry system is fundamental to record business transactions in which each transaction is recorded by an equal amount in two or more connected accounts. ◼ It reflects the capital activities and the cause and effect of changes of capital and operating results. ◼ It helps verify entry recording and guarantee the validity of entries
D The Rule of Debit and Credit+0EquityAssetsLiabilitie3CreditsDebits
① The Rule of Debit and Credit Assets Liabilitie s Equity Debits Credits