In double entry bookkeeping, debits and credits (abbreviated Dr and Cr, respectively) are entries made in accountledgers to record changes in value resulting from business transactions. Generally speaking, the source account for the transaction is credited (that is, an entry is made on the right side of the account's ledger) and the destination account is debited (that is, an entry is made on the left side). Total debits must equal total credits for each transaction; individual transactions may require multiple debit and credit entries to record.
The difference between the total debits and total credits in a single account is the account's balance. If debits exceed credits, the account has a debit balance; if credits exceed debits, the account has a credit balance. For the company as a whole, the totals of debit balances and credit balances must be equal as shown in the trial balance report, otherwise an error has occurred.
Credit (from Latincredit, "(he/she/it) believes") is the trust which allows one party to provide money or resources to another party where that second party does not reimburse the first party immediately (thereby generating a debt), but instead arranges either to repay or return those resources (or other materials of equal value) at a later date. The resources provided may be financial (e.g. granting a loan), or they may consist of goods or services (e.g. consumer credit). Credit encompasses any form of deferred payment. Credit is extended by a creditor, also known as a lender, to a debtor, also known as a borrower.
Credit does not necessarily require money. The credit concept can be applied in barter economies as well, based on the direct exchange of goods and services. However, in modern societies, credit is usually denominated by a unit of account. Unlike money, credit itself cannot act as a unit of account.
Movements of financial capital are normally dependent on either credit or equity transfers. Credit is in turn dependent on the reputation or creditworthiness of the entity which takes responsibility for the funds. Credit is also traded in financial markets. The purest form is the credit default swap market, which is essentially a traded market in credit insurance. A credit default swap represents the price at which two parties exchange this risk–the protection seller takes the risk of default of the credit in return for a payment, commonly denoted in basis points (one basis point is 1/100 of a percent) of the notional amount to be referenced, while the protection buyer pays this premium and in the case of default of the underlying (a loan, bond or other receivable), delivers this receivable to the protection seller and receives from the seller the par amount (that is, is made whole).
Originally formed in 1994 as an octet (under the name Galactic Prophylactic) and including singer Chris Lane and guitarist Rob Gowen, the group was soon pared down to a sextet of: guitarist Jeff Raines, bassist Robert Mercurio, drummer Stanton Moore, Hammond organist Rich Vogel, Theryl DeClouet on vocals, and later adding saxophonist Ben Ellman.
The group was started when Raines and Mercurio, childhood friends from affluent Chevy Chase, Maryland, moved to New Orleans together to attend college at Tulane and Loyola Universities, became enamored of the local funk scene, populated by such legendary acts as The Meters and Dirty Dozen Brass Band and inspired by local legends such as Professor Longhair. There they teamed with noted New Orleans drummer Stanton Moore, saxophonist/harmonica (now producer) Ben Ellman, and Rich Vogel. In 2004, the band parted ways with vocalist DeClouet, and now continue as an instrumental group. They have been releasing albums consistently since 1996.
Sanxion (1986) and Delta (1987) were standard-issue shoot 'em ups. Sanxion had a split screen that allowed the action to be presented from two viewpoints. The music in Sanxion and Delta was composed by video game musiccomposerRob Hubbard. Quedex (1987) was a game with an original idea, where the player steered a ball in a maze. Fasoulas worked on a game entitled Cargo in 1988 with Simon Nicol but it was never released. Fasoulas's career as a game programmer was cut short when he was drafted into the Finnish Defence Forces.
For the Amiga Fasoulas made a game called Galactic, slightly resembling Bubble Bobble. The Finnish computer magazinePelit gave the game a fairly good review. Fasoulas never found a publisher for the game, and it was finally published as a slightly unfinished Christmas edition as a cover disk in the British computer magazine The One.
(Image credit ... In this version of Luthor's origin (which has remained in place for most versions since), Luthor was a childhood friend of young Clark Kent/Superboy's; a boy genius who lost his red hair in a lab explosion which he blamed on Superboy , leading to his ongoing hatred of Superman.GalacticConqueror. (Image credit ... (Image credit.
Credit. NASA... Credit. NASA ... It’s also home to a supermassive black hole (SMBH.) When an SMBH feeds on matter, it can flare brightly as an active galactic nuclei (AGN.) That light signal could be what the JWST is seeing. This artist’s illustration shows a supermassive black hole and its active galactic nucleus. Image Credit ... Image Credit ... 2023 ... .
On November 2, VirginGalactic flew Unity 2 on the Galactic 05 mission ... In addition, she is a prolific science communicator with several books and a Website to her credit ... Stern described the flight on Galactic 05 as a risk-reduction mission to test the technology ... Courtesy Virgin Galactic ... Courtesy Virgin Galactic ... Image credit ... Credit ... Credit.
PhotoCredit. Kitty FilmMitakaStudio. On November 5, 2023, the Legend of the GalacticHeroes... Not only that, Legend of the Galactic Heroes also spans ten main novel volumes along with four side-story volumes ... Legend of the Galactic Heroes ... The previous four seasons of Legend of the Galactic Heroes ... Photo Credit ... The post Legend of the Galactic Heroes ... .
/ The view of Earth's curved horizon from VirginGalactic's SpaceShipTwo rocketplane. (credit. Virgin Galactic). It has been fun to watch Virgin Galactic string together six flights to suborbital space this year ... Virgin Galactic hasn't achieved those goals ...
Image credits ...Roman space telescope will likely set a new record for the farthest-known exoplanet, offering a glimpse of a different galactic neighborhood that could be home to worlds quite unlike the more than 5,500 that are currently known ... The simulated stars were drawn from the BesançonGalacticModel. Image credit ... Image credit.
GalacticAnnihilation has announced Industrial Annihilation, the sequel to the real-time strategy title Planetary Annihilation. READ MORE. Here are some of the best upcoming games we saw at Gamescom 2023 ... ‘Industrial Annihilation’ Credit. Galactic Annihilation ... ‘Industrial Annihilation’ Credit. Galactic Annihilation ... .
Image credit ... Image credit ... The observational success of MOND on galactic scales is why some scientists consider it an alternative to “dark matter,” the term physicists use to describe a hypothesized form of matter that would have gravitational effects but not emit any light ... Mathur and Brown had studied MOND’s effect on galactic dynamics before.
(Image credit ... (Image credit ... (Image credit ... (Image credit ... (Image credit ... (Image credit ... (Image credit ... It's fun, frantic, and playing as a small turnip unleashing hell with a machine gun will never get old.Deep RockGalactic ... (Image credit ... Funday Games have taken their dwarven folks in a totally different direction with Deep Rock Galactic ... (Image credit.
There are All Terrain Armored Transports, Imperial Sandtroopers, Dewbacks, lightsabers, droids, Wookies, Ewoks, blasters, bounty hunters and more, all from that most well known of galaxies far, far away ...Highlights on display include ... and Saturday and Sunday from 10 a.m ... Galactic credits aren’t accepted here, but a camtono of Beskar might grant entry.
Dubai resident Namira Saleem will become the first Pakistani space tourist when she takes the commercial flight from US as part of the VirginGalactic 04 Space Mission on Friday, October 6 ... She is the only Pakistani aspiring space tourist to purchase a ticket for Virgin Galactic’s future commercial space liner ... ImageCredit.