Page 34 - CommerceMagazine_Sat_Vanijya

Balance all of your transactions

So if you really wanna know, about your cash flow, where your

money goes?

Then give in to the temptation
Understand the fundamental accounting equation

An asset increasing is a debit,

An asset decreasing is a credit.

The reverse is true for liabilities and equity,

If you get this then you get accountancy.

Debits on the left, credits on the right,

Debit left! Credit right!
Debit left! Credit right!

For complete satisfaction,

Balance all of your transactions