1
Hi,

Of what she earned, Dulcie received six dollars per week. The remainder was credited to her and debited to somebody else's account in the ledger--

What does 'was credited to her and debited' mean? Somebody takes her money and pay debt or what?

Thanks
New Member28
Hi,

If the bank credits $1 to your account, it means they add $1 to it. If they debit your account by $1, it means they take or subtract $1. Credits are good, debits are bad.

Of what she earned, Dulcie received six dollars per week. The remainder was credited to her and debited to somebody else's account in the ledger--

What I understand is happening is this. Dulcie gets $6 in cash. The rest of her pay (for example, $4) is credited to her account. That $4 is subtracted from someone else's account. Why, and who that person is, I don't know.

Book-keeping often involves recording corresponding debits and credits.

Possibly the suggestion here is that the $4 is just 'writing on paper' that poor Dulcie will never actually see in cash. Or perhaps there is even a hint that the 'somebody else' does not even know that the $4 is being removed from his account. It's hard to say without more context.

Best wishes, Clive
Veteran Member69,409
Moderator: A super-user who takes care of the forums. You have the ability to message a moderator privately should you wish. These users have a range of elevated privileges including the deletion, editing and movement of posts when needed.Teachers: Users in this role are certified teachers. This may include DELTA, CELTA, TESOL, TEFL qualified professionals. Email a scan of your qualification to an admin, if you wish to be considered.
Credits are good, debits are bad.

Don't tell that to the guy taking care of the cash accounts in any corporation!
Debiting the cash account means money is coming in and crediting the cash account means money is going out! (Look it up in any accounting textbook!)

Nevertheless, in rough, non-technical terms to the "man-in-the-street" and his personal money matters, what you say is generally true!

And I agree that without more context it's impossible to figure out what's going on in the example given by the original poster. Either Dulcie has a debt to pay and it's being taken out of her paycheck, or someone is skimming off something for themselves and Dulcie doesn't even know, or ... ,or ... ,or ... ???

CJ
Veteran Member53,321
Moderator: A super-user who takes care of the forums. You have the ability to message a moderator privately should you wish. These users have a range of elevated privileges including the deletion, editing and movement of posts when needed.Proficient Speaker: Users in this role are known to maintain an excellent grasp of the English language. You can only be promoted to this role by the Englishforums team.
The debit side is on the left, and the credit side is on the right.

In a balance sheet, assets go on the left, while liabilities and owner's equity go on the right.

That just about sums up nearly everything I know about accounting. :-)
Senior Member3,933
Moderator: A super-user who takes care of the forums. You have the ability to message a moderator privately should you wish. These users have a range of elevated privileges including the deletion, editing and movement of posts when needed.Proficient Speaker: Users in this role are known to maintain an excellent grasp of the English language. You can only be promoted to this role by the Englishforums team.
So how'd you get so smart, Julie Lai? Emotion: smile Emotion: smile Emotion: wink
Moderator: A super-user who takes care of the forums. You have the ability to message a moderator privately should you wish. These users have a range of elevated privileges including the deletion, editing and movement of posts when needed.Proficient Speaker: Users in this role are known to maintain an excellent grasp of the English language. You can only be promoted to this role by the Englishforums team.
If I were that smart, I would study accounting for real... Emotion: embarrassed Emotion: embarrassed
Moderator: A super-user who takes care of the forums. You have the ability to message a moderator privately should you wish. These users have a range of elevated privileges including the deletion, editing and movement of posts when needed.Proficient Speaker: Users in this role are known to maintain an excellent grasp of the English language. You can only be promoted to this role by the Englishforums team.
Live chat
Registered users can join here