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Diffstat (limited to 'doc/GLOSSARY.md')
| -rw-r--r-- | doc/GLOSSARY.md | 2 |
1 files changed, 1 insertions, 1 deletions
diff --git a/doc/GLOSSARY.md b/doc/GLOSSARY.md index 263a3cff..f64d0cf3 100644 --- a/doc/GLOSSARY.md +++ b/doc/GLOSSARY.md @@ -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. |