Every business transactions have two-fold aspects debit and credit a system of accounting in which
both the aspects of each transaction are recorded as per prescribed rules is called double entry
System.
 |
| Double entry system |
According to Carter- “Double entry is a system of bookkeeping by mean of both personal and
impersonal accounts”
WILLIAM PICKLES:-“In double-entry, every transaction comprises two aspects, the
one aspect are the receiver and the other aspects are gives the account of the receiver is debited and
that of the giver is credited”
PICKLES AND DUNKERLES:-The system of book-keeping which is at the most
universally Employed is that where every debit has a credit”
in which out of the two aspects of transactions one aspect is debtor and other is credit
