In traditional accounting, double entry or double ledger means that every transaction is entered twice - one as a debit and one as a credit. read more
Triple entry accounting is an enhancement to the traditional double entry system in which all accounting entries involving outside parties are cryptographically sealed by a third entry. These include purchases of inventory and supplies, sales, tax and utility payments and other expenses. read more
Another concept that has re-emerged as a result is called triple-entry accounting. At a high-level, triple-entry accounting is an alternative method of accounting in which a third component is added after the global standard debit and credit. read more