Understanding Debits and Credits |
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This section explains the effect of posting debit and credit entries against the different areas of the general ledger.
Further information Use Debtors and Creditors Adjustments Clear the Historical Balancing Account Suggested End Of Month Procedures Enter Capital into the Business Enter Government Support Payments Enter Prepaid Expenses and Amortising Costs Purchase a Capital Asset Under Finance Record Debtors/Creditors Contras Remove Duplicate Payments in Closed Period ATO Reportable Sub-Contractor Payments Share Utility Expenses with other Businesses |