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I agree, but with bank accounts it's looked at from the banks side. A debit is money coming out of your account, for the bank it's a decrease in liability For the customer a debit will reduce the capital in the bank.Altior said:If you had a personal balance sheet for your own finances (I do), and you have a positive balance on your current account, where would it sit?
(mine are listed under current assets).
The letter certainly could be written better
Let's Be Careful Out There0
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