Houston Chronicle

Accounting Definition of Self Balancing Accounts

An organization's general ledger holds the accounting entries that describe all money coming into or leaving a company. Keeping accounting books manually carries the risk of recording one side of a ...
Houston Chronicle

What Does a Debit Balance in the General Ledger Mean?

In double-entry bookkeeping, every time you spend or receive money, you have to record it twice. For example, if you spend $5,000 cash to buy more inventory, you'd record that $5,000 in both the Cash ...
TechRepublic

Double-Entry Accounting: What It Means and How It Works

Double-Entry Accounting: What It Means and How It Works Your email has been sent Double-entry accounting is a system of recording transactions in two parts, debits and credits. This method of ...
Investopedia

How a General Ledger Works With Double-Entry Accounting, With Examples

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...