How Expenses Impact the General Ledger
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How Expenses Impact the General Ledger
When a business pays an expense, how does that transaction affect the General Ledger? In this video, I walk through a simple example using a gym in Pewter City. You'll see how a rent payment is recorded as a Journal Entry, why Expenses are debited and Cash is credited, and how those amounts are posted to the General Ledger to update account ...
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