Accounting MascotAccounting Q&A

How can you distinguish if it is a debit or a credit?
submitted by kaye

dban

If money is going into your account, it's a debit. If money is leaving your account, it's a credit.

James

It's the opposite of what the bank tells you. When the bank gives you a "credit," it's a credit on their account. On your account it's actually a debit.

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