Debit Left Credit Right (DLCR) is a fundamental accounting principle that is used to ensure the accuracy and consistency of financial records. At its core, DLCR states that all transactions must be recorded twice in an accounting system. The first entry is a debit to a particular account on the left side of the journal, and the second entry is a credit to a corresponding account on the right side of the journal. By recording each transaction twice, it becomes possible to maintain accurate and reliable financial records over time. By adhering to the DLCR principle, you can rest assured that your business’s finances are well-managed and accounted for.