Double-entry accounting is a bookkeeping method that records two entries (one debit and one credit) for each business transaction.

Double-entry accounting is a system of recording transactions in two parts, debits and credits. Learn how to apply it here.

Double-entry accounting helps guarantee accurate financial records by revealing data entry errors. Double-entry accounting provides a complete record of financial transactions for a business.

Examples of Accounting Problems With T-Accounts. T-accounting is a method used by accountants and bookkeepers that gets its name from the T shape formed by the two columns used to record entries.