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Debit Credit Chart

oboloo Glossary

Debit Credit Chart

The Debit Credit Chart is a critical tool used by businesses to keep track of their financial accounts. It’s essentially a visual representation of the accounting ledger, where each transaction is represented with a debit or credit symbol in its corresponding account. This allows you to easily identify your liabilities and assets in one glance, rather than manually going through all transactions on the ledger. By plotting out the expected flow of money within an organisation, businesses can ensure they are running efficiently. With the Debit Credit Chart, companies can get a better handle on their finances and make sound decisions that will maximise profitability and growth.

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