Columnar worksheets made accounting projects easier than if they were written on notebook paper. ... and a four-column ledger indicates whether the balance is a net debit or credit.

If the credit total is higher than the debit total, the difference is equal to the net income for the fiscal year; it is added to the debit total to balance totals debits and credits. If the debit ...

Nearly 70% of millennials prefer debit to credit cards, according to a 2015 report from Chime, and Transunion reports they have fewer bank-issued and private label cards than older generations ...