Double entry system of accounting
In accounting when we record the transactions in chronological order That effects on two accounts that called double entry system .
Example
Paid 2000 rs to ram by cash
In our books we record
+ Ram 2000 rs
- cash 2000 rs
We recorded both accounts becouse it help us to matain our business perfectly. Double entry system is a perfect method to maintain our books.
In book keeping we record the transactions in debit & credit forms
Example
Dr Ram 2000rs
Cr cash 2000rs
So there are Best methods to record transactions but with a twist because if you don't know debit & credit rules then you can not record transactions.

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