Doppelte Buchführung (EN)

Definition

Double-entry bookkeeping is a fundamental system of commercial accounting in which each entry is made to at least two accounts with equal but opposite amounts. It ensures that the sum of debit entries always equals the sum of credit entries. This principle guarantees the completeness and accuracy of the bookkeeping and forms the basis for creating a balanced balance sheet.

Architecture

flowchart TD     A[Transaction] --> B[Debit Account]     A --> C[Credit Account]     B --> D[Balance Sheet]     C --> D     D --> E[Balanced Balance Sheet] 

In Context

• Typically used together with the Balance Sheet and the Income Statement
• Related to: Chart of Accounts, Journal Entry, Principle of Balance Sheet
• Example use: Purchase of a computer for 1,000€ (Debit: Hardware account 1,000€, Credit: Bank account -1,000€)