Double-entry bookkeeping requires that every transaction be recorded in two places.

Name: Double-entry bookkeeping requires that every transaction be recorded in two places.
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Double-entry bookkeeping involves recording every transaction in two accounts: one account receives the debit entry and the other account receives the credit entry. This ensures that the accounting equation (assets = liabilities + equity) remains in balance.

Double-Entry Bookkeeping Requires That Every Transaction Be Recorded in Two