This video explains the nature of transactions recorded in an accounting information system and the relationship between double-entry accounting and its events.
Double entry is the concept in accounts where every transaction results in there being two entries made in the bookkeeping records. This rule exists without exception.
This video is very important in order for you to understand the double entry equation. Also its content is very essential because it will help people without studies to understand how the different transactions they make in their day-to-day business are going to affect their final economical results.
Title: Double Entry Accounting System
Author: Gerardo Guajardo
Date: 11/05/2011
By Henry Badilla Medina
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