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The Complete Idiot's Guide® To Accounting by Lita Epstein, Shellie L. Moore

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Chapter 4
Developing the General Ledger
In This Chapter
• Knowing your debits
• Accepting your credits
• Entering the numbers
• Creating the posts
Now that you know the accounts you need to set up to get the business started, it’s time to find out how to use these accounts to build an accounting system. In this chapter, you learn how to use the chart of accounts you’ve built in the previous two chapters to build the core of the accounting system: the general ledger.
First, you have to learn the somewhat difficult concept of debits and credits. Sometimes a debit adds to an account, and sometimes it subtracts. (Yikes!) Same thing happens with credits. Yes, it can be confusing, but don’t fret. We’re here to help you through the confusion. ...

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