Sep 16, 2015 · What the (Credit) means in this case depends on whether it is meant from the perspective of the utilities company or meant from the perspective of the customer.

Feb 16, 2016 · Whether a debit or a credit adds or subtracts from the balance depends on the type of account. The types of accounts were defined so that it is always possible to have these matching …

Dec 9, 2023 · I told the bank to close my FD. While previously, whenever I closed my FD, my bank statement showed the transaction remark as Closure Proceeds but on this transaction, it shows …

Oct 17, 2011 · If something comes into my account, would that be a credit or a debit in my account? If I got 500 from somewhere, would that 500 be written under debit column or credit column?

Sep 23, 2023 · In my experience the distinction is usually that a credit is usable only through that one business (or that one credit card, depending on how the credit is processed), whereas a refund can …

Apr 9, 2017 · Well if it is a "cash" account, then it means you are in the red. But if it is a "credit" account, then negatives are credits so if you have a negative balance, you are due money. The language is a …

Jun 19, 2022 · Extension of Credit means the right to defer payment of debt or to incur debt and defer its payment offered or granted primarily for personal, family, or household purposes.

Feb 1, 2020 · 10 Besides the definition of the words "loan" and "credit", the wording of your question implies that you're actually asking for the difference between a Term Loan and a Line of Credit (LOC).

I am new to keeping accounts. Today I learned that debit is what comes in credit what goes out Then how can we say that salary gets credited when the money comes in?

May 18, 2016 · 'In credit' means you have money in your account. It would say 'overdrawn' or something similar if you went into overdraft.