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Double Entry Principle - How To Record A Transaction On The Debit and Credit Side Of The Account

The double entry principle states that for every debit entry in an account, there will be a corresponding credit entry in another account and vice versa. This is the major rule for recording into all ledger accounts. To debit an account means to record a transaction on the debit side of the account (left-hand side) To credit an account means to record a transaction on the credit side of the account (right-hand side) To get an elaborate summary on Ledger Account, click this click https://www.hstutorial.com/ledger-acc... To enroll in our Financial Accounting Course, click on the link below https://www.hstutorial.com/courses/fi... To download your assignment, click here https://www.hstutorial.com/download-a... To join our Students Forum where we publish answers (in less than 48 hours) to different Accounting Questions, Click on the link below to follow us on Instagram   / hs_tutorial   Watch more Financial Accounting Tutorials here    • Financial Accounting Tutorial   #hstutorial #onlinetutorialforstudents