On the general ledger, there must be an offsetting entry for the balance sheet equation (and thus, the accounting ledger) to remain in balance. If you’re wondering how on earth you keep track of all these accounts, the answer is
On the general ledger, there must be an offsetting entry for the balance sheet equation (and thus, the accounting ledger) to remain in balance. If you’re wondering how on earth you keep track of all these accounts, the answer is