Take the 2-minute tour ×
Personal Finance & Money Stack Exchange is a question and answer site for people who want to be financially literate. It's 100% free, no registration required.

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?

share|improve this question
3  
This is an accounting question, not a math question. But see en.wikipedia.org/wiki/Debits_and_credits. Beware that common usage differs from the usage in accounting, probably because of people confusing a bank's point of view with a depositor's point of view. –  Trevor Wilson Oct 13 '12 at 2:43
    
If your account is credited, you have gotten money, not lost money. Do you mean to distinguish between credit cards and debit cards? –  Neal Oct 13 '12 at 2:58
add comment

migrated from math.stackexchange.com Oct 13 '12 at 3:05

This question came from our site for people studying math at any level and professionals in related fields.

1 Answer

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.

share|improve this answer
add comment

Your Answer

 
discard

By posting your answer, you agree to the privacy policy and terms of service.