Traditional accounting methods What are the accounting methods?

1. The single-entry accounting method refers to an accounting method in which each economic business that occurs is registered in only one account. For example, generally individuals only record the receipts and payments of cash (including deposits) in their capital journals, which does not reflect how the funds came from or where they were used.

2. The double-entry accounting method means that every economic business must be registered in two or more interconnected accounts with equal amounts, comprehensively and systematically reflecting the increase in accounting elements. A method of accounting for minus changes. For example, if bank deposits are used to purchase raw materials on a certain day, it should reflect the decrease in bank deposits and at the same time reflect the whereabouts of the money and the increase in raw materials. The double-entry accounting method can fully reflect the content of economic business and the ins and outs of capital movements; it can carry out trial balances and facilitate audits and reconciliations.

3. The double-entry accounting method includes receipt and payment accounting method, increase and decrease accounting method, and debit and credit accounting method. The debit and credit accounting method is currently a common accounting method in the world. Our country stipulates that enterprises, administrative institutions, and government accountants all use the debit and credit accounting method for accounting.

4. The debit and credit accounting method is a double-entry accounting method that uses "debit" and "credit" as accounting symbols. The accounting rule of the debit and credit accounting method is "if there is a debit, there must be a credit, and the debit and credit must be equal."