From c3a8e2d22bb93ba23ecef1cbec127f64f8b0a2e3 Mon Sep 17 00:00:00 2001 From: "Georg J.P. Link" Date: Sat, 23 Mar 2019 09:51:21 -0500 Subject: fix "Income increases with credits" Signed-off-by: Georg J.P. Link --- doc/GLOSSARY.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) (limited to 'doc/GLOSSARY.md') 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. -- cgit v1.2.3