1 Using the double-entry accounting system, the sum of the debits must always equal the sum of the credits.

2 Before proceeding to the mechanics of the double-entry ac-counting system, we must examine one very important accounting concept.

3 In double-entry accounting, increases in assets are recorded on the debIt'side of assets accounts.

4 Double-entry accounting means that the amounts of debit AND credit entries must be equal when accounts record every business transactions.

5 Nowadays , the double-entry accounting is almost used in the world widely.

6 Useful features found in GnuCash include double-entry accounting, schedule recurring transactions and support for Quicken files (OFX/QFX) import/export.

7 "debits" and "credits" are words that have been tracked back five hundred years to a document describing today's double-entry accounting system.