Basic Bookkeeping And Accounting Skills That You Must Have
0
Debtor (credited with) $75<br>Earlier we sited one of Newton's laws to illustrate the concept of double entry in book keeping. At this point we would like to take you back to your algebra lessons way back in grade 8 or so where you were told that if you add something on one side of an equation, that you have to do the same to the other side of the equation too? It's fair enough ? isn't it? That is exactly what we ask you to do in book keeping too making the double entry equal and balancing.<br>Double entry book keeping is nothing so complex or weird as to defy fair and reasonable common sense. You can easily grasp the concept of double entry by training yourself to think logically as to who or what gives, and who or what receives in each transaction; and by framing the entries accordingly, while ensuring that the two sides of the equation are in agreement (balancing) and are consistent with common sense.
About the Author
Caleb Anderson writes for Find This <br>Online</a> an online resource guide that <br>offers a variety of articles written on different <br>subjects. Offering you relevant information that <br>you are looking for. Browse through plenty of <br>useful articles, information, content and <br>resources on the subject.<br>Read more at Basic Bookkeeping And Accounting Skills That You Must Have</a><br>View their website at: http://www.findthisonline.com<br>
Tell others about
this page:
Comments? Questions? Email Here