Wait! Why is the bank debiting my account to decrease it? Isn’t that backwards?

Debit-credit rules are challenging for students. Students’ exposure to debits-credits when they arrive in introductory accounting may be limited to what they see on their bank statements – and those debits-credits are seemingly backwards. I recorded a short video (2:36 min) to explain why debits and credits seem to be backwards on bank statements. You can share this video with your students – the link is https://youtu.be/2v_EbmLYYEo.  You can also find my PowerPoint file that I used in this video here – feel free to edit those slides for your own classes.

Have a great day!

About Dr. Wendy Tietz, CPA, CMA, CSCA, CGMA

Dr. Wendy Tietz is a professor of accounting at Kent State University in Kent, Ohio, USA. She is also a textbook author with Pearson Education.

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