April 1, 2024 | Naturally Organic CBD

What Is Double-Entry Bookkeeping? A Simple Guide for Small Businesses

by Brian Roswell | Apr 10, 2024 | Uncategorized

To be in balance, the total of debits and credits for a transaction must be equal. Debits do not always equate to increases, and credits do not always equate to decreases. Single-entry bookkeeping is much like the running total of a checking account. In accounting,...