Private investment Retail Double entry bookkeeping with variable chart of accounts

Page: https://excel.hpage.com/bookkeeping.html Playlist: https://www.youtube.com/watch?v=JeP58mdijnU&list=PLKnGGx0Hz5xI A retailer transfers 50,000 euros from their personal account to their business bank account. Two accounts are involved: Private and Bank. This transaction represents an increase in assets. An increase in assets occurs when the balances of two accounts rise and the accounts involved are either two balance sheet accounts or one balance sheet account and one revenue account. The total amount in the final balance sheet also increases.