How Revenue Transactions Affect the General Ledger

When a business earns revenue, how does that transaction flow through the accounting system?

In this video, I walk through a simple example using a gym in Pewter City. You'll see how revenue is recorded as a Journal Entry, why Cash is debited and Revenue is credited, and how those amounts are posted to the General Ledger to update account balances.

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Видео How Revenue Transactions Affect the General Ledger канала Accounting Stuff