Accounting should be concentrated, as small errors can have huge impacts. To resolve this the concept of Double entry bookkeeping is used where single transaction will always have impact in at least two different accounts. It serves as a kind of error detection; i.e. "if at any point, the sum of debits do not equal to the corresponding sum of credits" , an error has occurred.
Numia, use this method of
Double entry bookkeeping to record transactions, i.e. one entry as a debit in one account and the other entry as a credit in another account. These two entries needs to balance the accounting equation, thus helps to have an error free transaction recording process.
I brief overview your video tutorials!! I like the method of viewing and understanding. Especially Double Entry Bookkeeping method generates error less data and reports while big advantage of human resources!!
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