Correspondence of accounts in accounting is a system of continuous and interconnected recording of accounting entries on the accounts of accounting support of household assets , their sources and operations.
Interconnectedness is achieved by double-recording each business transaction on the debit of one account and on the credit of another. A relationship arises between the two accounts, which is called correspondence, and the accounts themselves - corresponding.
Correspondence of accounts with the indication of the amount of operations is called the accounting formula or accounting entry .
See also
- Storno