Too afraid to ask….
I’m sure most of this forum has seen the meme floating around about Credit Suisse turning into “Debt Suisse”. To me, a simpleton M&A banker, this doesn’t make sense why it’s a clever joke.
4 years of accounting courses and 2 years on the desk has taught me that dr = inflows, cr = outflows. Is this a play on words that revenue is technically a credit and their revenue is declining? Is this just a niche FIG-targeted meme that needs explanation? Or is it a language barrier as I am not natively from the United States?
Too afraid to ask my team and seem foolish.
debit sus
Earning revenue is a credit entry while incurring expenditures is a debit entry. This is basically saying “your business is unprofitable and loses money because expenses exceed revenues.” It’s a funny joke and perfectly valid.
Because to normal people debit sounds like debt and credit sounds like credit cards = money
This is correct, idk why people disagree.
Tell a normal person “they’re $100 in credit” and it’ll mean to them that they’re up $100. Tell them the reverse and they’ll think they owe $100.
It's a joke lol
Some of you guys need to lighten up
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