An accounting entry refers to a record indicating the account to be borrowed and the amount of the borrowed account, which is referred to as an entry for short.
According to the requirements of double-entry bookkeeping method, the account name, bookkeeping direction and amount are used to reflect the corresponding relationship between accounts for each economic transaction. Under the debit and credit bookkeeping method, it refers to the record that lists the name and amount of the account that should be borrowed and loaned for each economic business. Accounting entry refers to a concise record that determines and lists the name and amount of the account to be borrowed and lent according to the requirements of accounting rules when economic business occurs. The format and requirements of accounting entries are: borrow first and then lend; Loans should be written separately, and the words and figures of the amount should be staggered; In the case of one loan and many loans or one loan and many loans, the characters and figures of the borrower or lender must be aligned.
Basic elements:
1. Bookkeeping direction (debit or credit)
Second, the account name (account)
Third, the amount.
Main types:
According to the number of accounts involved, accounting entries can be divided into simple entries and compound entries.
Simple accounting entries refer to accounting entries that only involve the debit of one account and the credit of another account, that is, accounting entries that borrow a loan; Compound accounting entries refer to accounting entries composed of two or more corresponding accounts, that is, accounting entries with one loan and multiple loans, one loan and multiple loans or multiple loans.