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(-) means credit amount and positive amount means debit

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12y ago

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What do you mean by debit and credit in tally?

A credit and debit tally is the total of the credits and debits, separately. The difference between the totals is the net profit or loss.


What does it mean when your eppi card says something bout a credit settlement?

Ok the credits is what was paid for that month in total debits is what you have used ledger is what you have left


What is on the debit and credit side of the trial balance?

If you do a Trial Balance and your Credits Equal your Debits, then more than likely your books are correct. In double entry accounting the debits and credits must balance or be equal.Accounts payable's normal entry is credit. when it is at the debit side it could mean: reversal of accounts payable which happens at the end of accounting period, or return of merchandise purchased,...


What does the word credit mean in terms of accounting?

The word "credit" is part of the equation of double-entry bookkeeping. In order for bookkeeping entries to balance, there must always be a debit (left side, abbreviated by "dr") and credit (right side, abbreviated by "cr") entry that equal one another. For example, to record a Office Supply Store purchase (on account ~ a payable), the entry would be: Office Supplies Exp $500.00(dr) Accounts Payable $500.00(cr) If an entry does not balance the totals for debits and credits, your books will be out of balance.


What does it mean when after posting the entries from the journal the breneman management service ledger should have at least one credit entry in how many accounts?

9


What does non automated debits mean on a bank statement?

Most typically it refers to cheques you have drawn on the account. Automated debits would be standing orders etc.


How can something be removed from your credit report?

It depends on what you mean. If you have erroneous information on your credit report, contact the credit reporting agency and tell them you want to file a dispute. If you're referring to a negative credit account or report that is in fact accurate, you usually cannot have that removed. Entries on your credit report are removed automatically after 7-10 years depending on what it is.


What does entries that were written by a character mean?

Entries (contributions in writing) from a person (a character) who wrote them.


What does the question mark inside brackets mean?

The text in the brackets must be a question.


What does bracketing mean?

These are square brackets [ ]


What does it mean to factorise?

to put into brackets


Does Credit mean the increase side of an account?

what do you mean by increased side? it depends on which account you are talking. in bookeeping entries of a company a credit on its bank account means money going out the business. in a reserve account it means money being added to the reserves! If on the other hand you are talking about a bank account (personal) this normally means depositing.

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