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    Why does the bank do Debits and Credits in the opposite?

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    When you put money in the bank - it says CR. When you take out money - it says DR (your Debit card)

    Now go back and look at the Debit and Credit rules - it says when asset (money/cash) increase - you DR, when asset (money/cash) decrease - you CR.

    So - the Question is why is the bank doing Dr and Cr in the opposite?

    © BrainMass Inc. brainmass.com June 3, 2020, 11:29 pm ad1c9bdddf
    https://brainmass.com/business/auditing/bank-debits-credits-opposite-281521

    Solution Preview

    When you put money in the bank - it says CR. When you take out money - it says DR (your Debit card)

    Now go back and look at the Debit and Credit rules - it says when asset (money/cash) ...

    Solution Summary

    Response provides explanation regarding Debits and Credits

    $2.19

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