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A comment on Double-Entry Bookkeeping as a Directed Graph. Parent comment
Examples:
If you deposit money into a checking account (asset) that is a debit (account increases) because the money "goes to" in that account (destination).
If you borrow money from a credit card (liability) that is a credit (account increases) because the money "comes from" that account (not destination).
The hard part is remembering debit accounts increase with debits, and credit accounts increase with credits.
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Examples:
If you deposit money into a checking account (asset) that is a debit (account increases) because the money "goes to" in that account (destination).
If you borrow money from a credit card (liability) that is a credit (account increases) because the money "comes from" that account (not destination).
The hard part is remembering debit accounts increase with debits, and credit accounts increase with credits.