本文发表在 rolia.net 枫下论坛Double-entry bookkeeping system ensures the integrity of the financial values recorded in a financial accounting system. It does this by ensuring that each individual transaction is recorded in at least two different nominal ledgers (sections) of the financial accounting system and so implementing a double checking system for every transaction. It does this by first identifying values as either a Debit or a Credit value. A Debit value will always be recorded on the debit side (left hand side) of a nominal ledger account and the credit value will be recorded on the credit side (right hand side) of a nominal ledger account. A nominal ledger has both a Debit (left) side and a Credit (right) side. If the values on the debit side are greater than the value of the the credit side of the nominal ledger then that nominal ledger is said to have a debit balance.
Each transaction must be recorded on the Debit side of one nominal ledger and that same transaction and value is also recorded on the Credit side of another nominal ledger hence the expression Double-Entry (entered in two locations) one debit and one credit. This ensures that when the nominal ledgers (sometimes known as accounts) are placed in a list which has two columns, the left column for listing nominal ledgers with Debit balances and the right column for ledgers with Credit balances, then the total of all the Debit values will equal the total of all the Credit balances. If this does not happen that may mean that one of the transactions was not recorded twice, i.e. once as a debit and once as a credit as required in the double-entry bookkeeping system.
An example of an entry being recorded twice for double-entry bookkeeping would be a supplier's invoice for stationery costing $100 is recorded and analysed. The expense or Debit entry is Stationery Nominal Ledger a/c $100 Dr and the Credit entry is to the Supplier's Control Nominal Ledger a/c $100 Cr. This transaction has now been recorded twice in the financial accounting system and the total value is $100 for both Debit and Credit values.
Double entry is only used within the nominal ledgers. It is not used within the recording of the daybooks. The information from the daybooks themselves will be taken and used within the nominal ledger and it is the nominal ledgers that will ensure the integrity of the resulting financial information created from the daybooks.更多精彩文章及讨论，请光临枫下论坛 rolia.net
Each transaction must be recorded on the Debit side of one nominal ledger and that same transaction and value is also recorded on the Credit side of another nominal ledger hence the expression Double-Entry (entered in two locations) one debit and one credit. This ensures that when the nominal ledgers (sometimes known as accounts) are placed in a list which has two columns, the left column for listing nominal ledgers with Debit balances and the right column for ledgers with Credit balances, then the total of all the Debit values will equal the total of all the Credit balances. If this does not happen that may mean that one of the transactions was not recorded twice, i.e. once as a debit and once as a credit as required in the double-entry bookkeeping system.
An example of an entry being recorded twice for double-entry bookkeeping would be a supplier's invoice for stationery costing $100 is recorded and analysed. The expense or Debit entry is Stationery Nominal Ledger a/c $100 Dr and the Credit entry is to the Supplier's Control Nominal Ledger a/c $100 Cr. This transaction has now been recorded twice in the financial accounting system and the total value is $100 for both Debit and Credit values.
Double entry is only used within the nominal ledgers. It is not used within the recording of the daybooks. The information from the daybooks themselves will be taken and used within the nominal ledger and it is the nominal ledgers that will ensure the integrity of the resulting financial information created from the daybooks.更多精彩文章及讨论，请光临枫下论坛 rolia.net