Why are Debits amp Credits BACKWARDS

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🆓Debits and Credits Free Quiz → https://accountingstuff.com/blog/debi... • 💥Debits and Credits Cheat Sheet → https://accountingstuff.com/shop • 🖊Debits and Credits Practice Questions → https://accountingstuff.com/practice-... • Have you ever been puzzled by the reversal of debits and credits in certain situations? • For example, when you deposit cash into your checking account the bank credits your balance. But in accounting, we know that cash is an asset. A normal debit account. So debits should increase a cash balance and credits should decrease it. • Dive into this video to unravel this mystery! • 🔴Subscribe for more Accounting Tutorials → https://geni.us/subtothechannel • 🔎FAQ • ▪ My Favourite Accounting Book for Beginners → http://geni.us/5mKR7m • 🎬LEARN ACCOUNTING BASICS FOR FREE • ▪ The Full Playlist → • ACCOUNTING BASICS for Beginners (Whol... • 🔝 CLOUD ACCOUNTING SOFTWARE • ▪ QuickBooks Online USA (FREE TRIAL/DISCOUNT) → http://geni.us/jA9N • ▪ QuickBooks Online Canada (FREE TRIAL/DISCOUNT) → https://geni.us/bNN7 • ▪ Xero (FREE TRIAL) → https://xeroamericas.grsm.io/ck90eoq1... • 🚶FOLLOW ME ON • ▪ Instagram → / accountingstuff • ▪ TikTok → / accounting_stuff • ▪ Facebook → / thisisaccountingstuff • ________________________ • DISCLAIMER • Some of the links above are affiliate links, where I earn a small commission if you click on the link and purchase an item. You are not obligated to do so, but it does help fund these videos in hopes of bringing value to you! • ________________________ • #Shorts #accountingstuff

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