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 Clear the Historical Balancing Account Suggested End Of Month Procedures Enter Government Support Payments Enter Prepaid Expenses and Amortising Costs Purchase a Capital Asset Under Finance Record Debtors/Creditors Contras ATO Reportable Sub-Contractor Payments Share Utility Expenses with other Businesses Use Debtors and Creditors Adjustments |