4 ms·
Common usage has turned the terms into something confusing. It's not the accountants fault. Your credit card is linked to an account in someone else's books. T
by kgwgk 6y ago
Common usage has turned the terms into something confusing. It's not the accountants fault.
Your credit card is linked to an account in someone else's books. They opened that credit account for you.
- wrycoder 6y agoIf you want to track the bank account on your own books, what they call a debit, you call a credit. Ït’s a mirror image. Debits come in to an entity, credits go out.