Originally posted by Tubby & Peanut's Mom
DO NOT use the bank as an example. All that ever did was confuse me. They do it different than you would think because to them your account is a liability whereas to you it's an asset, so forget how the bank does it.
that is a very good advise! the debit/credit terms in this case are for the bank's terms not yours - so it's the other way around.