Debere and Credere

What comes first in your mind when you heard debit and credit?

Someone will said,

"A bank account."

"A credit and debit card."

"Accounting."

That's all right, debit and credit is something to do with a bank account and card. In the other hand, it also include accounting. In accounting, the word debit and credit came from the Latin words debere, meaning "to owe", and credere, meaning "to trust or believe". Debit is abbreviated as Dr. and credit as Cr. The increase or decrease in an account is being made by means of debit and credit.

When an account is debited, it doesn't mean that such account us decreased, because debit may increase or decrease the balance of an account. Likewise, when an account is credited, it doesn't mean that such account is decreased, because credit may also increase or decrease the balance of an account.

To debit an account also mean to charge the account.

(Baguino, A.D., Balbarino, M.S., Dela Cruz, E.S., Doquenia, M.M., Espino, L.M., Fonte, J.G., Hernane, M.B., Orfiano, M.M., Pilapil, L.R., Vedasto,

C.M. (2014). Principle of Accounting. Allen Adrian Books Inc.)