Re:Double-Entry Bookkeeping as a Directed Graph
by lurkingmba on Wednesday April 10, 2024 @03:58PM
(#39995092)
The article is wrong in at least one important respect. Debits do not always increase the balance of an account. Accounts can have either a natural debit balance or a natural credit balance.
Credits actually increase the revenue account, which is a pretty important one!
Credits actually increase the revenue account, which is a pretty important one!