[AccessD] Debits and Credits

The Latin for right and left  is dexter and sinster.
Lots of old Roman marching songs start off
"Sinster dexter, sinister dexter, sinister dexter...." ;)


Michael R Mattys wrote:

>----- Original Message ----- 
>From: "Arthur Fuller" <artful at rogers.com>
>To: "'Access Developers discussion and problem solving'"
><accessd at databaseadvisors.com>
>Sent: Friday, May 28, 2004 11:39 AM
>Subject: [AccessD] Debits and Credits
>
>
>  
>
>>>>There is nothing to indicate dr or cr.
>>>>        
>>>>
>>Does anyone happen to know the origin of "dr"? It's always puzzled me --
>>an unlikely abbreviation of "debit". Not important, just wondering.
>>
>>And incidentally, why are terrorists always credited with their acts,
>>rather than debited?
>>
>>Arthur
>>    
>>
>
>Debit and Credit come from Latin words Debitir and Creditir
>meaning left and right, respectively.
>
>They do not mean increase or decrease, rather it is the act of
>making an accounting entry on the left side or the right side.
>If they were reversed, it wouldn't matter to an accountant using
>the double-entry system.
>
>Assets = Liabilities + Owner's Equity
>dr|cr    =     dr|cr    +        dr|cr
>
>If the left side of an account is greater than the right side,
>it has a debit balance. If the right is greater, it is a credit balance.
>
>
>----
>
>Michael R. Mattys
>Mattys MapLib for Microsoft MapPoint
>http://www.mattysconsulting.com
>
>  
>

-- 
Marty Connelly
Victoria, B.C.
Canada