Explain the features of double entry bookkeeping system

The features of double entry bookkeeping system are as follows:

1. Double effect: Double entry system means the way of recording an amount of transaction in the books on opposite two sides to show double effects.
2. Equal effect: This system is based on the concept of what got, what paid or what came, what went, So the same amount is to be shown in two books on opposite sides- Debit or Credit.
3. Guided by rules: This system is guided by prescribed rules of debit and credit.
4. Scientific system: This is widely used in business organization as it is scientific and systematic system.