A few theories exist regarding the origin of the terms "debit (DR)" and "credit (CR)" in accounting. Both have Latin roots. An increase in liabilities or shareholders' equity is a credit to the ...

In fundamental accounting, debits are balanced by credits, which operate in the opposite direction. For instance, if a company takes out a loan to purchase equipment, it would simultaneously debit ...

Credit cards vs debit cards — what's the difference? Which type of plastic is best for you? Personal finance experts perennially disagree on which type of payment delivers more benefit, so the ...