Author: Bob Steele CPA

Debits & Credits – Easy to Define – Difficult to Learn

Although learning how debits and credits work is not easy the definitions of debits and credits are. A debit can be defined as “recorded on the left side” (John J. Wild, 2015) and a credit can be defined as “recorded on the right side” (John J. Wild, 2015).  Note that these are partial definitions of… Continue reading Debits & Credits – Easy to Define – Difficult to Learn