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What Are The Three Principles Of The Double Entry System?

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Anonymous Profile
Anonymous answered
Give me a excel made example of double entry
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Anonymous answered
Personal Account  Real Account & Nominal Account. Personal Account: Credit the giver. Debit the receiver.
Real Account: Credit what comes in. Debit what goes out.  Nominal Account: Credit  all expenses and loss.
Debit all incomes and profit.
Meta Forrest Profile
Meta Forrest answered
It is to keep account of money going out of your business, money coming in and  to lead you to trial balance.

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