Understanding Debits and Credits: A Cheat Sheet
If you have been reading the The Debt Books blog for awhile, you might remember our Credits vs. Debits series if not, check out Round 1, Round 2, and Round 3. If you’re new here, we’d like to take a quick moment to revisit the topic. Trying to figure out if an account goes into the Debit or Credit account can get a little confusing, so our Bean Counter has put together quick reference guide to help you keep your credits and debits straight. It helps to think about Debits and…