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0:39
YouTube
Accounting Stuff
How Revenue Transactions Affect the General Ledger
When a business earns revenue, how does that transaction flow through the accounting system? In this video, I walk through a simple example using a gym in Pewter City. You'll see how revenue is recorded as a Journal Entry, why Cash is debited and Revenue is credited, and how those amounts are posted to the General Ledger to update account ...
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