After having rejected double-entry bookkeeping for almost 39 years, I have, just today, completely embraced it as a wonderful invention. Anything, in this chaotic world, that brings order and logic is welcome today.
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I am Peter Rukavina and this is my blog. I am a writer, letterpress printer, and a curious person.
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Comments
Yes we gave up our dear
Yes we gave up our dear Quicken a couple of years ago. By the way you have a great resource upstairs in the SOG who is the best book keeping tutor I know
ur a fucking retard go die
ur a fucking retard go die
Recording a transaction
Recording a transaction always requires a DEBIT and a CREDIT entry. Providing the entries have been correctly recorded, when totalled both sides of the ledger should therefore agree. SIMPLISITY IN ITS SIMLPIST FORM
Examples:
1. A refrigerator bought for cash for $300.
Entry = DEBIT Purchases $300 (purchase)
CREDIT Bank $300 (increase in liabilities)
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