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Home > Education & Training > There has to be an equal and offsetting credit entry for every debit entry. Such a balance will make
There has to be an equal and offsetting credit entry for every debit entry. Such a balance will make

There has to be an equal and offsetting credit entry for every debit entry. Such a balance will make

There has to be an equal and offsetting credit entry for every debit entry. Such a balance will make sure that the accounting equation remains intact, meaning that financial statements will remain correct.
Let us look at a few simple examples about how double-entry accounting works:

Education & Training
There has to be an equal and offsetting credit entry for every debit entry. Such a balance will make

There has to be an equal and offsetting credit entry for every debit entry. Such a balance will make

There has to be an equal and offsetting credit entry for every debit entry. Such a balance will make sure that the accounting equation remains intact, meaning that financial statements will remain correct.
Let us look at a few simple examples about how double-entry accounting works:

Education & Training

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