How does Double-Entry Accounting work?
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How does Double-Entry Accounting work?
⭐️Join this channel to get exclusive daily quiz questions: https://www.youtube.com/c/accountingstuff/join How does Double-Entry Accounting work? Let's say a business takes out a $500 loan from a bank. What happens? Well, the business received Cash - which it owns - so its Assets go up. And at the same time, it records a Loan Payable to the ...
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