3.2 ‘My accountant has got it all wrong,’ argued Freda. ‘She’s totally mixed up all her debits and credits.’

‘But what makes you say that?’ queried Dora.

‘Oh! I’ve only to look at my bank statement to see that she’s wrong,’ responded Freda. ‘I know I’ve got some money in the bank, and yet she tells me I’m in debit when she means I’m in credit.’

Is Freda right?