Entity: Difference between revisions
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(Created page with "Entities represent a section of the business which need to operate independently of of sections. No Ledger Transactions can be posted to span multiple entities because th...") |
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Latest revision as of 22:40, 3 March 2017
Entities represent a section of the business which need to operate independently of of sections.
No Ledger Transactions can be posted to span multiple entities because this would lead to the total transactions for each of these entities summing to a non-zero amount, thereby putting both entities out of balance.