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2. Double-entry bookkeeping - Wikipedia

   en.wikipedia.org/wiki/Double-entry_bookkeeping

   An example of a cash account recorded in double-entry from 1926 showing a balance of 359.77. In the double-entry accounting system, at least two accounting entries are required to record each financial transaction. These entries may occur in asset, liability, equity, expense, or revenue accounts.

3. Thomas Howell (merchant) - Wikipedia

   en.wikipedia.org/wiki/Thomas_Howell_(merchant)

   Thomas Howell (c.1480-1537) was a merchant and philanthropist of Welsh origin, who trained in Bristol and London. [1] His surviving commercial ledger (1517-27) is the first example of double-entry bookkeeping in English. [2]

4. Accounting equation - Wikipedia

   en.wikipedia.org/wiki/Accounting_equation

   The accounting equation plays a significant role as the foundation of the double-entry bookkeeping system. The primary aim of the double-entry system is to keep track of debits and credits and ensure that the sum of these always matches up to the company assets, a calculation carried out by the accounting equation. It is based on the idea that ...

5. Bookkeeping - Wikipedia

   en.wikipedia.org/wiki/Bookkeeping

   Transactions include purchases, sales, receipts and payments by an individual person, organization or corporation. There are several standard methods of bookkeeping, including the single-entry and double-entry bookkeeping systems. While these may be viewed as "real" bookkeeping, any process for recording financial transactions is a bookkeeping ...

6. Debits and credits - Wikipedia

   en.wikipedia.org/wiki/Debits_and_credits

   Debits and credits occur simultaneously in every financial transaction in double-entry bookkeeping. In the accounting equation , Assets = Liabilities + Equity , so, if an asset account increases (a debit (left)), then either another asset account must decrease (a credit (right)), or a liability or equity account must increase (a credit (right)).

7. Account (bookkeeping) - Wikipedia

   en.wikipedia.org/wiki/Account_(bookkeeping)

   These entries, referred to as postings, become part of a book of final entry or ledger. Examples of common financial accounts are sales, accounts [1] receivable, mortgages, loans, PP&E, common stock, sales, services, wages and payroll.