Category Archives: Accounting

In accounting, why do ‘debit’ & ‘credit’ change meaning in different contexts

Posted on January 25, 2009 by Josh Ribakoff

I spent some time wrapping my head around this the other day. Basically in accounting the meanings of credit & debit change. For an asset account, for example, a credit DE-creases it’s value while a debit IN-creases it’s value. However … Continue reading →

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