Re: [BitFunder] AMC-The Official Active Mining Cooperative Discussion
AMC Accounting For May.
I think the Credit/Debit columns are reversed.
No, they are correct.
Asset Account - Debits increase / Credits decrease
Liability Account - Debits decrease / Credits increase
Revenue Account - Debits decrease, / Credits increase
Expense Account - Debits increase / Credits decrease
(accountant checking in
)