Fwd: Re: Paying Expenses

Robert Graham Merkel rgmerk@mira.net
Sat, 21 Jul 2001 17:51:00 +1000


On Sat, 21 Jul 2001 17:45:36 Leo L. Schwab wrote:
> On Tue, Jul 17, 2001 at 05:54:33PM -0500, Bill Gribble wrote:
> > btw: I'm using "debit" and "credit" in the accounting sense, which is
> > probably opposite of your usual usage of the terms.  To "credit" a
> > bank account means to take money OUT of it, and to "debit" a bank
> > account means to put money IN it.  
> >
> 	That's nuts.  What's the justification?
> 

Because your bank statement uses credit and debit from the bank's point of
view, which is opposite to yours.

-- 
------------------------------------------------------------
Robert Merkel	                           rgmerk@mira.net

Go You Big Red Fire Engine
-- Unknown Audience Member at Adam Hills standup gig
------------------------------------------------------------