Abstract
The transactions of the business are the day-to-day dealings of the business. Every transaction will affect two items, and it is this ‘dual aspect’ which is the basis of the double entry system. The double entry system has an account for every asset, every liability and for capital.
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© 1989 Margaret Nicholson
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Nicholson, M. (1989). Opening the Double Entry Accounts in the Ledger. In: Accounting Skills. Palgrave, London. https://doi.org/10.1007/978-1-349-10853-4_2
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DOI: https://doi.org/10.1007/978-1-349-10853-4_2
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-49156-0
Online ISBN: 978-1-349-10853-4
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