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Double-entry bookkeeping, in accounting, is a system of bookkeeping so named because every entry to an account requires a corresponding and opposite entry to a different account. The double entry has two equal and corresponding sides known as debit and credit. The left-hand side is debit and right-hand side is credit. For instance, recording a sale of $100 might require two entries: a debit of$100 to an account named “Cash” and a credit of \$100 to an account named “Revenue.

The accounting equation, {\displaystyle {\text{Assets}}={\text{Equity}}+{\text{Liabilities}}}, is an error detection tool; if at any point the sum of debits for all accounts does not equal the corresponding sum of credits for all accounts, an error has occurred. However, that the equation is satisfied is no guarantee that there are no errors; the ledger may still “balance” even if the wrong ledger accounts may have been debited or credited.