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.
--
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Robert Merkel rgmerk@mira.net
Go You Big Red Fire Engine
-- Unknown Audience Member at Adam Hills standup gig
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