how is the current balance of an account computed by systemaccounting?

A:

all transactions record a creditor and a debitor

an account appearing as a creditor in a transaction is earning

an account appearing as a debitor in a transaction is spending

compute the sum of transactions where an account appears as a creditor (revenue), then compute the sum of transactions where the same account appears as a debitor (expense)

current account balance = revenue - expense

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