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The Accounting Method: Double Entry Bookkeeping (Part 2)

Accounting is based on a method: the Double Entry Bookkeeping System. It is time to getting familiar with it! (Part 2)

Now that you have finished viewing two videos on double entry bookkeeping system, you may wonder why we always need two ‘aspects’ or sides to be taken into account. Why do we label credit and debit? Perhaps some of you may venture out of the platform, do some reasearch and share their views with all the peers!

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Introduction to Financial Accounting

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