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> Because of this, instead of counting money as positive or negative amounts, it uses the debits and credits. That's not quite the point of double-entry. When
by yobbo 4y ago
> Because of this, instead of counting money as positive or negative amounts, it uses the debits and credits.
That's not quite the point of double-entry. When one account is credited, at least one other account must be debited.
All debits and credits sum to zero, but the accounts will have positive or negative balance.