Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
debit and Credit? accounting question?
so I'm taking accounting right now in high school and were balancing accounts.
sooo.... why are debits called debits and why are credits called credits. I know what they are but why are they called that??
ok and yeah i sorta ment like a real answer lol. i already tried googling it.
-1 pt for dumb answer
2 Answers
- 1 decade agoFavorite Answer
This may help answer your question:
- buzLv 71 decade ago
when using T-accounts, the terms 'debit' and 'credit' are just meant to denote left and right... debits are made to the left side of the T, credits to the right side
