When entering a journal entry, what happens if the debits don’t equal the credits?


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      To entering a journal entry, it is important that debits equal the credits because of the double-entry accounting rule. QuickBooks online using it that means each and every event changes two or more accounts in the register. And each and every changes involves a debit and a credit which is applied to one or more accounts.

      If you want more transaction then the handling of debits and credits by QuickBooks online. But, understanding the working ways of debits and credits will help you to understand the basic functions behind transactions and also what to except or not when entering them.



      Answered on June 1, 2017.
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