Anonymous Why is it 'debit to' Shouldn't it be 'debit from'? No. It's "debit to (an account)" and "credit to (an account)".
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AnonymousWhy is it 'debit to' Shouldn't it be 'debit from'?No. It's "debit to (an account)" and "credit to (an account)". That's standard accounting vocabulary.
GPYPersonally I find the idea of debiting "to" an account highly confusing.Just out of curiosity, have you ever worked as an accountant or maybe even taken a course in accounting?
CalifJimJust out of curiosity, have you ever worked as an accountant or maybe even taken a course in accounting?No, never. You think it is an accounting term?
GPYYou think it is an accounting term?Yes. I have taken courses in accounting and also worked for a group of accountants for quite a few years, and I remember "debit to" and "credit to" as common phrases. I suppose from an accountant's point of view, all monetary amounts are entered into the journals and ledgers they use, whether they are ente
AnonymousSo only the 2nd is correct?The bank debited the money from my account .The bank debited the money to my account ."debit to" may be technically correct in accounting lingo, but in my opinion it is likely to be extremely confusing to ordinary people.