![]() ![]() Sometimes, there may be more than two accounts which may be affected by a business transaction. 10,000, then its asset account will be debited with furniture and its cash account will be credited with Rs. For example, if a business purchases furniture worth Rs. If an entry is made in one account of an addition in the account, then an entry will have to be made in the other account too for a deduction from that account. This means that no matter what transaction is made by the business, it will be recorded in both the debit column and the credit column in debit credit accounting. ![]() The entries made in the debit account will be on the left side and those made in credit account will be on the right side. It records every transaction made by the business at least in two accounts debit and credit. The double-entry bookkeeping system is the most common accounting method used today.
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