A Conversation for The Basics of Double Entry Book-keeping

credit and debit explained.

Post 1

Researcher 215206

I started a correspondence course this weekend on Book-keeping. However, although I thought I was reasonably intelligent, I stumbled at the first stage when trying to get my head round the meaning of credit and debit. I'd always understood that credit is money coming into an account,(my bank for eg) and debit, money leaving the account.

Anyway, this is just to say thankyou. This explanation of credit and debit has really helped. Although, to be honest, I still find i'm having to really think carefully when i'm studying. It's very hard to try and swop round two words' meaning. A bit like someone saying tall now means short and short means tall! Now i'm confused! Anyway, thanks again. I'll get there in the end.


credit and debit explained.

Post 2

Geoff Taylor - Gullible Chump

I've just read this post and it's made my day.

I'm glad it's been of help, and thanks for the kind words.

smiley - cheers

credit and debit explained.

Post 3



I am with you on the double entry. I have just signed up with skills train, thought the course would be fairly easy after working with P & L in previous jobs. got to question 3 and i was so confussed.

Good luck with the course


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