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faq: updates

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Simon Michael
2024-04-11 10:28:05 -10:00
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@@ -132,12 +132,15 @@ and when you see a negative amount posted, it is a credit (outflow).
(Be warned of the usual pitfall that banks and businesses use "debit" and "credit" from their point of view, ie reversed, when communicating with customers.) (Be warned of the usual pitfall that banks and businesses use "debit" and "credit" from their point of view, ie reversed, when communicating with customers.)
Here's a mnemonic, should you need it: Here's a mnemonic, if you need one:
``` ```
debit / to / plus / left / short words debit | credit
``` to | from
``` in | out
credit / from / minus / right / longer words plus | minus
left | right
short words | longer words
``` ```
Newcomers to accounting find signed numbers much more intuitive and easier to learn than debit/credit terminology, Newcomers to accounting find signed numbers much more intuitive and easier to learn than debit/credit terminology,