Re:Double Entry Accounting for Developers
by inopinatus on Tuesday July 28, 2020 @07:41AM
(#23974678)
They’re not flipped. From a bank’s point of view, any money they hold on your behalf is a liability. Your bank statement is an extract from their books. When they take a fee, it’s a debit on your statement, because it’s a credit to revenue on theirs.
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