2006-09-18 01:00:13 · 9 answers · asked by Honest Guy 3 in Education & Reference ➔ Other - Education
Modern bookkeeping was invented in Venice, Italy and of course they used Italian terms for everything.
Debitare = to owe
Accreditare = to credit.
2006-09-18 01:10:04 · answer #1 · answered by Hi y´all ! 6 · 1⤊ 0⤋
I'm not exactly sure because it wasn't explained when I took accounting either. I think it's because the word "debit" is a modified form of "debt" which is something you owe, and credit can be defined as something you own/have. Kind of like when someone gives you a compliment and says "You're a credit to (fill in the blank)." That's a positive thing. Debts are considered negative.
2006-09-18 08:06:27 · answer #2 · answered by sarge927 7 · 0⤊ 0⤋
Debit is a formal bookkeeping and accounting term that comes from the Latin word debere, which means "to owe". The Latin debitum means "debt". The opposite of a debit is a credit. Debit is abbreviated Dr, while credit is abbreviated Cr.
Credit is a formal bookkeeping and accounting term that comes from the Latin word credere, which means "to believe". The opposite of a credit is a debit. Credit is abbreviated Cr, while debit is abbreviated Dr.
2006-09-18 08:08:45 · answer #3 · answered by finalmoksha 3 · 0⤊ 0⤋
debit from the derivitive debt or something owed (such as legal tender or services) to another, credit or credits refers to that which a person has after all debts have been settled, or what may be extended to a person in the form of a loan in order to satisfy debtors and or to create a debt in order to strive forward.
2006-09-18 08:11:15 · answer #4 · answered by grim_reaper_69 3 · 1⤊ 0⤋
DEBIT CARD IS THE CARD ISSUED BY YOUR BANKERS FOR USE FUNDS IN YOUR ACCOUNT. IT IS LIMITED TO THE BALANCE IN YOUR ACCOUNT. CREDIT CARD IS THE LOAN YOU ARE AVAILING FROM THE CREDIT CARD SPONSORS FOR A LIMIT ALLOWED TO YOU. NO WAY IT HAS IMPLICATION ON YOUR BANK BALANCE.
2006-09-18 10:23:49 · answer #5 · answered by Anonymous · 0⤊ 0⤋
with debit card you are using your money not some one else's money a credit card you are using money that is not yours. you have credit from a lender.
2006-09-18 08:13:56 · answer #6 · answered by moonwalker 3 · 1⤊ 0⤋
debit side you add credit side minus
2006-09-18 08:10:16 · answer #7 · answered by Anonymous · 0⤊ 0⤋
bcoz debit means debit and credit means credit .........
2006-09-18 08:10:51 · answer #8 · answered by Anonymous · 0⤊ 0⤋
its just what they say like why do they call idiots idiots??? oh good ?!!!
2006-09-18 17:01:24 · answer #9 · answered by DIANE H 2 · 0⤊ 0⤋