For AAT student members
Advanced Diploma in Accounting
Double Entry Made Easy
Please watch, like and share with anyone who struggles to understand double entry. Please don't forget to subscribe to the channel.
I think it's actually even simpler than that. If you use double-entry bookkeeping to record accounting transactions, then two entries are made for each transaction. This helps when checking the accuracy of the data recording.
One entry in the books of account is called the
entry, the other is the
The Credit shows where money or value has come from. The Debit shows what has been done with it.
the bank (credit Bank) goes
pay staff (debit Wages)
a supplier (credit Supplier) goes
buy goods on credit (debit Purchases)
There are more examples at: