3 Matching Annotations
  1. Sep 2021
    1. Transactions should always be balanced

    2. Credits^[https://youtu.be/FJtaM43PgXQ?t=427] are additional value to an account.

      Debits are value removed from an account.

      Collection of credits and debits with a timestamp is called Transaction

    3. Assets^[https://youtu.be/FJtaM43PgXQ?t=365] are Bank accounts, walletaxts, investments, loans credited.

      Income is paychecks, dividends, gifts received, interest.

      Expense is groceries, taxes, gifts given, donations

      Liabilities are Mortgage, student loans, credit cards, loans owed.

      Everything else Equity. Example opening balances, cashback, untrackable errors