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WebDouble entry Accounting is a system whereby two bookkeeping entries are required for each transaction. The entries are made via debits & credits which can be remembered via the acronym DEAD CLIC which stands for Debits: expenses, assets, drawings and Credits: Liabilities, Income, Capital. I’ve done my best to make sure that this post doesn ... WebSkip terms and conditions. Log in. × Webaccounting 101, accounting overview, basics, and best practices. learn about external financial statements, internal managerial accounting reports, income tax systems and how they interact in... grantys liberec