It's because the bank statement is written from the POV (bank's point of view).
In the double entry system, a debit entry is an increase in an asset or expense/decrease in income or a liability while a credit entry is an increase in a liability or income/decrease in an asset or expense.
When you pay money into the bank this increases the amount the bank owes you or decreases the amount you owe the bank. From the bank's point of view this means an increase in the amount they owe you (their liabilities have increased) or a decrease in the amount you owe them (their assets have decreased).
Hence, an increase in your cash balance at the bank is a credit entry on the statement your bank sends you.
On the banks books a deposit by a customer is as asset of yours but the bank's liability to you. In accounting a liability is reflected as a credit. So your deposit, an increase to your balance, is reflected as a credit on the statement. Conversely a disbursement of funds by a customer is a debit on the statement, reducing the customers balance as well as reducing the banks liability to you . Hope that helps.
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.
'Credit Card 0 Balance Transfer' would appear on your credit card statement if your credit card is paid off in full. This means that you do not have to transfer any money from your bank account to pay off your credit card balance.
Bank overdraft is shown in balance sheet same as bank account or any other cash account, it's a short term bank credit.
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.
credit
On the banks books a deposit by a customer is as asset of yours but the bank's liability to you. In accounting a liability is reflected as a credit. So your deposit, an increase to your balance, is reflected as a credit on the statement. Conversely a disbursement of funds by a customer is a debit on the statement, reducing the customers balance as well as reducing the banks liability to you . Hope that helps.
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.
'Credit Card 0 Balance Transfer' would appear on your credit card statement if your credit card is paid off in full. This means that you do not have to transfer any money from your bank account to pay off your credit card balance.
subtract the credit from his checkbook balance.
Bank overdraft is shown in balance sheet same as bank account or any other cash account, it's a short term bank credit.
There will usually be a letter next to your bank account's balance. This will either be "C" (Credit) or "D" (Debit). A D next to your balance means you're in overdraft.
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.
The funds are a credit to the bank that is issuing the statement. They "owe" you the money, therefore the credit.
A bank balance is the amount by which a current account is in credit or deficit.
This is really not as simple as writing debit balance is or credit balance is:In accounting Debit literally means the left side and credit means the right side. The difference between a debit balance "account" and a credit balance "account" is:Debit balance accounts increase with a debit and decrease with a creditCredit balance accounts increase with a credit and decrease with a debitAssets maintain a debit balanceLiabilities and Owners Equity maintain a credit balanceThe above answer refers to accounting, however, I noticed that you also put this in Credit and Debit cards: using a bank debit or credit card is the opposite of the view you see doing accounting.On a Credit card statement for example, a credit balance would mean that the credit card company is "crediting" you with a certain amount, meaning you do not owe that amount anymore. A debit would be a rise in the balance you "owe them".
Balance Statement