Accounting 101 Debit -vs- Credit

Matt Armstrong matt@lickey.com
Thu, 18 Jul 2002 16:03:42 -0600


Matt Armstrong <matt@lickey.com> writes:

>     - money always flows from debit to credit

Er, I mean "money always flows from credit to debit."


>     - money always flows right to left (since the credit column is on
>       the right)
>     - money coming from == a credit
>     - money going to == a debit