THE double entry book keeping system serves as a born for large bussiness that have lost of aaserts thounds of transection and various external supplies of capital in this system two entries are made for each tranctioncation one in debit account and another in a credit acoount the coulmns catriouzed as date account debit and creditd
definitions of acconting .
acconting is the art of recourding classifing and summring and data accont debit and credit