dubbeleboekhouding

Dubbele boekhouding, also known as double-entry bookkeeping, is a fundamental accounting system where every financial transaction is recorded in at least two different accounts. This method ensures that for every debit, there is a corresponding credit of equal value, maintaining the fundamental accounting equation: Assets = Liabilities + Equity.

The core principle of dubbele boekhouding lies in the dual aspect of every transaction. For instance, when a business buys inventory on credit, the inventory account (an asset) increases, while the accounts payable account (a liability) also increases by the same amount. If cash is used to purchase inventory, the inventory account increases and the cash account (another asset) decreases. This system provides a comprehensive and accurate picture of a company's financial position.

The primary benefit of dubbele boekhouding is its inherent accuracy and self-balancing nature. Errors are easily detected as the total debits will not equal the total credits if an incorrect entry is made. This system allows for the preparation of accurate financial statements, such as the balance sheet and income statement, which are crucial for decision-making, financial analysis, and fulfilling regulatory requirements. It is the standard accounting practice for most businesses worldwide.