Final answer:
In double-entry bookkeeping, every transaction is recorded in two places, consisting of corresponding entries in both a debit and a credit account to maintain balance.
Step-by-step explanation:
Double-entry bookkeeping requires that every transaction be recorded in two places. This accounting principle ensures that for every entry made to a debit account, a corresponding and equal entry must be made to a credit account. This method creates a balance in the financial records, which enhances the accuracy and reliability of financial statements. It is essential for maintaining a clear and organized record of all financial transactions, preventing errors, and assuring the books are always balanced.