Problem
The definition of a credit is: "An Addition to the right side of a T-Account"
• Why do people think a debit means, "something you pay for now", and credit means, "something you pay for later"?
• Some students have a hard time remembering that a debit is an addition to the left side of a T-Account, and a credit is An Addition to the right side of a T-Account. I have facetiously suggested to students that have a hard time remember this to do the following. Hold a pebble in your left hand. Whenever you hear the instructor or someone else say the word "Debit", squeeze the rock in your left hand. That way, you will associate a debit with an addition to the left side of the T-Account.
• What tips can you give others to remember that a Debit is an addition to the left side of a T-Account, and a credit is an addition to the right side of a T-Account?