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A comment on Double-Entry Bookkeeping as a Directed Graph. Parent comment

Re:Double-Entry Bookkeeping as a Directed Graph by jfengel on Wednesday April 10, 2024 @10:28AM (#39991091)
Isn't that exactly backwards to what most people think of credits and debits? If you credit me something, I now have something. I don't owe anything.

I can kinda squint and see "Oh, you want the universe to balance, so if I have something it is some kind of karmic debt". But it still feels like exactly the opposite of what I grew up thinking of these terms to mean.

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Re:Double-Entry Bookkeeping as a Directed Graph by rahimnathwani on Wednesday April 10, 2024 @10:46AM (#39991284)
It's the opposite because when a counterparty (like a bank or a store) says they're 'crediting your account', they're talking about the impact from their perspective, not your perspective.
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