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10-15-2011, 10:00 AM
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Location: Canada Eh?
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Originally Posted by SLake View Post
Debits are your assets (revenues, property, etc). Essentially the plus side of your ledger (left column - money coming in). Credits represent money going out. Your expenses, liabilities, etc (the right column of your ledger).

As a business owner in this economy, I'm sure you've seen a lot of debt(s)...

I set you up for that.

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