Ian Harding wrote:
>Credits are positive, debits are negative. I have never seen an accounting
>package that did not follow this basic rule.
It's the other way round. To help remember:
debit = "He owes" and represents an asset or an expense
credit = "He trusts [to be repaid] for" and represents a liability or a
receipt.
Since debits are assets, they are naturally represented by positive sign.
--
Oliver Elphick Oliver.Elphick@lfix.co.uk
Isle of Wight http://www.lfix.co.uk/oliver
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GPG: 1024D/3E1D0C1C: CA12 09E0 E8D5 8870 5839 932A 614D 4C34 3E1D 0C1C
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"Dearly beloved, avenge not yourselves, but rather give
place unto wrath. For it is written, Vengeance is
mine; I will repay, saith the Lord. Therefore if thine
enemy hunger, feed him; if he thirst, give him drink;
for in so doing thou shalt heap coals of fire on his
head. Be not overcome of evil, but overcome evil with
good." Romans 12:19-21
