4 ms·
It isn't that complicated. They key to unlocking double-entry accounting is the accounting equation and the (8?) or so rules mapping debits and credits to trans
by buyx 11y ago
It isn't that complicated. They key to unlocking double-entry accounting is the accounting equation and the (8?) or so rules mapping debits and credits to transactions. As for a bank deposit, it needs to be understood that the statement is produced from the bank's perspective. I don't think that the average person, given a few hours of learning, would struggle with this.