Double-entry bookkeeping: Revision history

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24 April 2026

  • curprev 10:0410:04, 24 April 2026 ~2026-25029-43 talk 23,698 bytes +23,698 Debits and credits: Updated table to balance the transactions according ot the accounting equation. A transaction can't entirely have debit or credit amounts. Equity increases by a credit transaction so when the inventory is sold equity increases and thus needs a credit amount.