Accounting Basics: T Accounts

The asset Equipment increases by $2,500 and is recorded as a debit. The liability Accounts Payable also increases by $2,500 and gets credited for the amount, since increases in liability result in a credit entry. Each T account carries the debit and credit entries for a different type of account, such…

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Comprehensive Guide to the Top Blockchain Protocols

While the rule book varies slightly from one blockchain network to the other, a protocol is essentially, the operating system for the blockchain technology. It determines how the participating computers on the network exchange information or interact with each other. While the Bitcoin system is the best-known application of blockchain technology,…

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