Why Debits and Credits AREN'T Backwards

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Accounting Basics Lesson 6. In this episode of Accounting Basics for Beginners, we answer the question - why do Debits and Credits on the Bank Statement seem backwards? Debits and Credits are confusing enough without throwing in the complication that they appear backwards in Accounting. When you Google "debits and credits the wrong way round banking", you'll see that there are 39 MILLION results. That's insane!

This episode of Accounting Stuff - Accounting Basics Lesson 6 - is a continuation of our series on Basic Accounting for Beginners and we aim to finally put this issue to bed. In this short video, you will learn:

▪ What phrases such as 'debited to your account' mean.
▪ Why are Debits and Credits backwards in Accounting.
▪ Why Credits and Debits AREN'T backwards.

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⏱️TIMESTAMPS
00:00 - Intro
00:38 - Why are Debits and Credits Backwards?

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