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authorJohn Wiegley <johnw@newartisans.com>2019-03-23 11:48:13 -0700
committerGitHub <noreply@github.com>2019-03-23 11:48:13 -0700
commit9501e33ea6589a3a0e0eadf5308e50e7abadd227 (patch)
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Merge pull request #1779 from GeorgLink/patch-4
fix "Income increases with credits"
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1 files changed, 1 insertions, 1 deletions
diff --git a/doc/GLOSSARY.md b/doc/GLOSSARY.md
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@@ -26,7 +26,7 @@ ACCOUNTING GLOSSARY
determines if a debit represents an increase or decrease in an account. For
example, Inventory is an asset so a transaction debiting Inventory would
increase its value. Assets and Expenses increase with debits and decrease
- with credits; Liabilities, Equity, and Expenses increase with credits and
+ with credits; Liabilities, Equity, and Income increase with credits and
decrease with debits.
**Journal**: A record of all the financial transactions of a person or firm.