Bookkeeping (was Re: [LINK] Security efforts hindered by untrained users)

[Stilgherrian]

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.

Stil


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