What are Debits and Credits? Double-entry accounting forms the basis for recording the financial transactions of an enterprise. The double-entry system of accounting uses Entries to record those transactions. Those entries have two principal parts “Debit” and “Credit.” A practical
Like any other business function, it is critical for startups & any businesses to keep track of their finances. This is not just due to tax payments, even though that is reason enough. One simple step to telling if a