Credit repayment 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 The retailer repays a portion of the loan taken out, amounting to 50,000 euros. Two accounts are involved: Bank account and account Credit. This booking represents a reduction in inventory. The balance in the Bank account decreases and the balance in the Credit account also decrease. The amount recorded in the journal entry is deducted from the final balance.