Double-Entry Bookkeeping System

Accounting equation approach
The rules may be summarized as below:
1.Assets Accounts
2.Capital Account
3.Liabilities Accounts
4.Revenues or Incomes Accounts
5.Expenses or Losses Accounts

Debits and credits
Double-entry bookkeeping is governed by the accounting equation.
assets = liabilities + equity
Debits and credits are numbers recorded as follows:
Debets
Credits
Debit accounts
Credit accounts
…