Double-Entry Bookkeeping

A bookkeeping system where every entry to an account requires a corresponding entry to a different account.

Double-Entry Bookkeeping is an accounting method where every transaction affects at least two accounts with equal total debits and credits, ensuring the accounting equation remains balanced and improving control and traceability.

- Used to explain the concept in accounting and business contexts.
- Used when training staff or documenting procedures and policies.

- Example: Teams reference **Double-Entry Bookkeeping** when defining terms in manuals, policies, or training materials.

- Why it matters: Improves clarity and consistency across documentation and decision-making.