As a non-English-native person, I somehow find it difficult to understand the following: When an account is said to be debited, what does this mean? How does this differ from an account that is credited? Both seem to be checking(withdrawal-possible) account, and I am having difficulty distinguishing these two. How do they differ in some math-quantity understanding in economics?
migrated from math.stackexchange.com Oct 13 '12 at 3:05
I'm not sure if this is your point of confusion, but when an account is said to be debited (or credited), the words "debited" or "credited" are not referring to a type of account (such as "checking"). They are referring to an operation that is performed on an account. The same account can be credited at one time and debited at another time.