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-
-\f0\fs28 \cf0 Accountants will talk of ``credits'' and ``debits'', but the meaning\
-is often different from the layman's understanding. To avoid\
-confusion, Ledger uses only subtractions and additions, although the\
-underlying intent is the same as standard accounting principles.\
-\
-Recall that every posting will involve two or more accounts.\
-Money is transferred from one or more accounts to one or more other\
-accounts. To record the posting, an amount is @emph\{subtracted\}\
-from the source accounts, and @emph\{added\} to the target accounts.\
-\
-In order to write a Ledger transaction correctly, you must determine where\
-the money comes from and where it goes to. For example, when you are\
-paid a salary, you must add money to your bank account and also\
-subtract it from an income account:\
-\
-@smallexample\
-9/29 My Employer\
- Assets:Checking $500.00\
- Income:Salary $-500.00\
-@end smallexample\
-\
-Why is the Income a negative figure? When you look at the balance\
-totals for your ledger, you may be surprised to see that Expenses are\
-a positive figure, and Income is a negative figure. It may take some\
-getting used to, but to properly use a general ledger you must think\
-in terms of how money moves. Rather than Ledger ``fixing'' the minus\
-signs, let's understand why they are there.\
-\
-When you earn money, the money has to come from somewhere. Let's call\
-that somewhere ``society''. In order for society to give you an\
-income, you must take money away (withdraw) from society in order to\
-put it into (make a payment to) your bank. When you then spend that\
-money, it leaves your bank account (a withdrawal) and goes back to\
-society (a payment). This is why Income will appear negative---it\
-reflects the money you have drawn from society---and why Expenses will\
-be positive---it is the amount you've given back. These additions and\
-subtractions will always cancel each other out in the end, because you\
-don't have the ability to create new money: it must always come from\
-somewhere, and in the end must always leave. This is the beginning of\
-economy, after which the explanation gets terribly difficult.\
-\
-Based on that explanation, here's another way to look at your balance\
-report: every negative figure means that that account or person or\
-place has less money now than when you started your ledger; and every\
-positive figure means that that account or person or place has more\
-money now that when you started your ledger. Make sense?} \ No newline at end of file