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Debits and Credits - Rahim Nathwani

encona.com · 300 words · saved by 1 readers

Debits and credits are easy to understand

← Rahim Nathwani Debits and Credits April 23, 2021 People are confused by debits and credits A lot of people (approximately all people who are not accountants!) don't understand debits and credits. I suspect even many professional book-keepers and accountants just memorise some rules. It's easier than trying to understand things, especially when many explanations are difficult to understand, or just plain wrong. There is no need to be confused, and no need to memorise anything You don't need to memorize which accounts are negative and which are positive. Just relate them to the English words '

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