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Plenty of downvotes, and yet, after writing this prediction, this thread is indeed filled with people all defining the terms 'Credit' and 'Debit' at one another
by mrkeen 3y ago
Plenty of downvotes, and yet, after writing this prediction, this thread is indeed filled with people all defining the terms 'Credit' and 'Debit' at one another. :D
- omichowdhury 3y agoYup I think it’s best to leave credits and debits behind. We can use more than 2 bits these days. I think a far more intuitive system is use negative numbers with a symmetrical accounting equation: Assets - Liabilities = Income - Expense Then you always think in terms of: - Do I have more or less assets? - Do I owe more or less liabilities? - Did I make more of less profits? - Did I make more or less losses? You can then use the accounting equation to check your reasoning. I go more into it here: https://news.ycombinator.com/item?id=40021375 https://news.ycombinator.com/item?id=40021375