[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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