Search results with tag "Learn debits and credits"

Learn Debits and Credits - Accounting Play

May 01, 2015 · The double entry system is used to categorize all transactions in the accounting record. Let's say $200 cash is paid from the bank. Cash is decreased $200, which explains where the money came from. Another account is required to explain the destination and purpose of the transaction. Cash is used for a variety of things: equipment, investments,

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