Lesson 2 Double Entry Bookkeeping (Accounting 0452)

“Essential double entry bookkeeping guide for IGCSE Accounting (0452). Ideal for teachers’ resources and student handouts.”
This lesson on double entry bookkeeping is specifically designed for teachers and students involved with the IGCSE Accounting course (0452). It provides a comprehensive guide to understanding and applying the principles of the double entry system, which is fundamental to all accounting practices.

The lesson begins by outlining the double entry system of bookkeeping, helping students grasp how every financial transaction impacts two different accounts: one account is debited, and another is credited. This fundamental concept ensures that the accounting equation (Assets = Liabilities + Equity) remains balanced.