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 ...

Who It’s Best For If you’re willing to join a credit union and open a checking account to get a savings account with a debit card, the High-Rate Savings account may be the best option for you.