The term ‘double entry’ relates to a form of book keeping or accounting where transactions are recorded twice – once on the credit side of the ledger and once on the debit side.
Continue reading What is double entry?
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The cost of the fixed assets of a business can be written off over a period of time. The amount of the cost that is written off is called the ‘depreciation’.
If you are to invest in a new business, knowledge of accounts can make life much easier. Even if you are simply looking to manage your personal finances better, knowledge of some basic accountancy is advisable.
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