[AccessD] Debits and Credits

Hi Marty,

Thank you.
No wonder I was always getting whipped with
the cat-o'-nine tails!  I could never get that right ...

----

Michael R. Mattys
Mattys MapLib for Microsoft MapPoint
http://www.mattysconsulting.com



----- Original Message ----- 
From: "MartyConnelly" <martyconnelly at shaw.ca>
To: "Access Developers discussion and problem solving"
<accessd at databaseadvisors.com>
Sent: Friday, May 28, 2004 1:33 PM
Subject: Re: [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
>
>
>
> -- 
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