Double-Entry Accounting
Transaction
================================
Alice Wallet Debit €100
Bob Wallet Credit €100
================================
Total Debits = €100
Total Credits = €100Last updated
Segment Ledgers is built on the principles of double-entry accounting.
Every movement of value generates equal debit and credit entries.
For example, if Alice sends Bob €100:
Transaction
================================
Alice Wallet Debit €100
Bob Wallet Credit €100
================================
Total Debits = €100
Total Credits = €100Because every transaction is balanced, the ledger always remains mathematically correct.
This eliminates many classes of accounting errors and greatly simplifies reconciliation.
Last updated