Under the double-entry system of accounting, every transaction is entered in at least two accounts on opposite sides of a T-account.

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This is the basic principle of double-entry accounting, where every debit entry needs a corresponding credit entry in order to maintain the accounting equation of assets = liabilities + equity. This is represented through T-accounts where debits are recorded on the left-hand side (or the "debit" side) and credits are recorded on the right-hand side (or the "credit" side).

Under the Double-Entry System of Accounting, Every Transaction Is Entered