[GNC] Change a batch of transactions from income to Expense

David Cousens davidcousens at bigpond.com
Thu Jul 4 18:01:17 EDT 2019


Alan,
The guide has an introductory session. The present version doesn't have a
full explanation of the way 
accountants use debits and credits but the next version will. You will find
a pretty good explanantion on Wikipedia and a few other sites. Look up
Double Entry, Debits and Credits with Google. In short form

Debits  increase the balance of Asset and Expense accounts
Credits decrease the balance of Asset and Expense accounts
Credits increase the balance of Liability, Equity and Income accounts
Debits decrease the balance of Liability, Equity and Income accounts

For an individual transaction  the sum of debits = sum of credits

Davdi



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David Cousens
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