At the heart of it all is a simple rule called #DoubleEntryBookkeeping:
Everything you own (Assets) must equal everything you owe (Liabilities) plus your own worth (Equity). ⚖️
Assets = Liabilities + Equity

Every financial transaction follows this! 👇

Original post on mastodon.world

What's particularly interesting is that whilst the sector is acutely aware of the potential impact of technology (ie #AI) on their futures, there is a strong recognition/expectation that #apprentices on our course will have firm foundation in the basic principals of effective […]

A Simple Guide to the Double-Entry Bookkeeping System The double-entry bookkeeping system is a method used to record financial transactions in a way that keeps everything balanced. To learn more, read this post

#accountingequation #DoubleEntryBookkeeping #DoubleEntryBookkeepingSystem #doubleentrysystem #financialtransaction #TheLedger #TrialBalance #entrepreneursjoint
www.entrepreneursjoint.com/double-entry...