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What else can I help you with?
Can you receive a credit on a debit card?
No. If the money in your bank account runs out your debit card will not work.
Is a master card a credit card or debit card?
It's a debit card since the money you pay with is directly transfered from your bank account to the receiver's bank account.
What is the difference between credit and debit?
Credit refers to money that is borrowed and must be paid back, while debit refers to money that is taken directly from a bank account.
What does credit on debit card means?
Available credit or in general credit on a Debit card means - the amount of money you have in your bank account. Lets say you have Rs. 10000 in your account then your credit is Rs. 10000 only.
How can I send money from my credit card to my debit card?
You can transfer money from your credit card to your debit card by using a money transfer service or by linking your credit card to your bank account and then transferring the funds to your debit card. Be aware that there may be fees associated with these transactions.
Can you receive a credit on a debit card?
No. If the money in your bank account runs out your debit card will not work.
Why is the balance as per bank statement on the bank reconciliation statement a credit if its a favorable balance but in the bank account the credit means you owe the bank money?
The Debit and Credit on a bank statement reflect the Bank's accounting records, not yours. So when you deposit money into your account, the bank owes you that money to you - it is a liability for them, therefore a credit entry. Similarly, if they charge you a bank fee, it reduces their liability to you, so they would Debit your account (on their books) and Credit an Income account.
Why the journal entry is debit when the owner withdraws money from the business account for personal use?
It is a debit because money is being taken from the account. You debit the owner's capital account and credit cash/bank.
Is a master card a credit card or debit card?
It's a debit card since the money you pay with is directly transfered from your bank account to the receiver's bank account.
What is the difference between credit and debit?
Credit refers to money that is borrowed and must be paid back, while debit refers to money that is taken directly from a bank account.
What does debit and credit mean?
Debit is when they take from your bank. A credit is money paid into your account. But the other meaning of credit is the ability to borrow money. The more money you make and the more you use your credit and pay it off, the more credit you get.
What does credit on debit card means?
Available credit or in general credit on a Debit card means - the amount of money you have in your bank account. Lets say you have Rs. 10000 in your account then your credit is Rs. 10000 only.
How do you use a debit card?
You would use it as a credit card, but the debit card takes money directly from your bank account.
When do we debit bank account?
We debit our bank account every time with withdraw (take out) money from our bank account.
What does it means if sundry creditor hava a debit balance and credit balance?
If someone has a creditor and has a debit balance and a credit balance this means they have a bank account. The bank account provides the debit card and the bank provides the credit balance.
What is the debit and credit in made a payment on accounts payable?
account payable account debit to bank account
What is the journal entry for Payment to builders for new building?
[Debit] Building account [Credit] Cash / bank
