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by bc569a80a344f9c
168 days ago
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> The previous diagram absolutely does not have positive and negative for each transaction! But it does. The $500 transaction for furniture is an edge from the bank to the furniture asset account. This edge is outgoing from the bank account (-$500) and incoming to the furniture asset account (+$500). That’s it, that’s double entry bookkeeping. Each edge represents both entries. |
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