It is the policy of the California Lottery to share your personal information only as strictly necessary to provide services or assistance. This may include disclosing your personal information to Lottery affiliates and to other government agencies.
Double Entry Accounting Defined. True to its name, double-entry accounting is a standard accounting method that involves recording each transaction in at least two accounts, resulting in a debit to one or more accounts and a credit to one or more accounts.
First, the double entry system provides a built in form of error-chceking. When the double entry system is used properly, the sum of all debit entries in the account ledgers for the accounting period must equal the sum of all credit entries. A mismatch in these two totals indicates that a bookkeeping error has been made.