Business Accounting and Bookkeeping
Accounts Receivable
Financial Statements

What does the double-entry bookkeeping system mean?

575859

Answer

User Avatar
Wiki User
10/05/2007

It means that for every transcation, two entries are made into the accounting books and thus, everything should be in balance. It means that for every transcation, two entries are made into the accounting books and thus, everything should be in balance.