Anonymous_Leaker@lemmy.world to Fuck AI@lemmy.world · 6 days agoWe found their kryptonite!lemmy.worldimagemessage-square46linkfedilinkarrow-up1267arrow-down126
arrow-up1241arrow-down1imageWe found their kryptonite!lemmy.worldAnonymous_Leaker@lemmy.world to Fuck AI@lemmy.world · 6 days agomessage-square46linkfedilink
minus-squareDevDave@piefed.sociallinkfedilinkEnglisharrow-up3·6 days agoAccounting language is different. A debit is incoming while credit is an increase of liability. Think of the big picture of a credit card. The card backer (bank/credit union) is paying the vendor cash equivalent while crediting you with debt.
minus-squaredickalan@lemmy.worldlinkfedilinkarrow-up2arrow-down2·6 days agoyeah you sounded like you knew what you were talking about that confusion is mine and mine alone thank you for taking the time to respond and educate me
do you mean debit?
Accounting language is different.
A debit is incoming while credit is an increase of liability.
Think of the big picture of a credit card. The card backer (bank/credit union) is paying the vendor cash equivalent while crediting you with debt.
yeah you sounded like you knew what you were talking about that confusion is mine and mine alone thank you for taking the time to respond and educate me