What is the difference between a journal entry and a double-entry?

A journal entry serves as a vital record within the realm of business accounting, meticulously documenting each transaction in the company’s financial records. Employing the principles of double-entry bookkeeping, each transaction necessitates a minimum of two journal entries. This meticulous approach is indispensable because a single transaction can trigger a cascade of financial changes within a business. Consequently, a diligent bookkeeper is tasked with meticulously tracking and recording every facet of these changes through the diligent use of journal entries, ensuring the accuracy and transparency of the company’s financial records.

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