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>For every debit there is an equal credit, and vice versa, so globally, total debit balances are always equal to total credit balances, and total debit transact
by alanwatts 11y ago
>For every debit there is an equal credit, and vice versa, so globally, total debit balances are always equal to total credit balances, and total debit transactions are always equal to total credit transactions.
>Double-entry bookkeeping all the way down.
>It is really quite something to behold.
*Assuming all the books are being kept honestly. They aren't