ACC 280 UOP Class Notes

Apr 18th, 2015
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Question:What do you think of when you hear the word debit? What do you think of when you hear the word credit? Why does your bank statement show a credit for an increase in your cash balance? Is an increase to your bank statement a debit or a credit? What method would you use to summarize transactions and transfer to the ledger?When I hear the word debit I think of a debit card. When I think of the work credit I think of a credit card. What is the difference when they are both plastic cards that spend money you dont have? The critical difference is that a deb

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