Bookkeeping (was Re: [LINK] Security efforts hindered by
stil at stilgherrian.com
Thu Jan 31 11:49:57 EST 2008
On 31/1/08 11:36 AM, "Howard Lowndes" <lannet at lannet.com.au> wrote:
> What's hard about it? My bookkeeping lecturer told me:
> "Debits on the left, Credits on the right" :)
> I must admit that it took me a while to appreciate that debtors are an
> asset, and that Cash and Bank are a debit. :)
This is another case where you can blame those b&$%tards at the bank.
They send you a statement of account written from *their* point of view as a
bank, not ours as the customer. So we're constantly shown data that's "the
wrong way around".
No wonder it's confusing.
Internet, IT and Media Consulting, Sydney, Australia
mobile +61 407 623 600
fax +61 2 9516 5630
ABN 25 231 641 421
More information about the Link