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Debit is the left side of accounting statement and Credit is the right side of accounting statement. By debit we mean something comes inside the organization and by credit we mean, something goes outside the organization. That means debit means inflow and credit means outflow. For Example, we write Accounts Recieveable at, cash in hand, cash at bank, and assets at the left side of accounting statement as debit and write Accounts Payable, Bonds Payable, Bills Payable and other liabilities at the right side of accounting statement as credit. Hope answer the question

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โˆ™ 2008-04-16 01:44:49
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Q: Credit vs debit
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Are processing rates lower for debit cards vs credit cards?

credit cards

Debit card vs credit card?

In short debit card is spend now and pay now. credit card is spend now pay after.

Advantages of debit vs credit caards?

A debit card allows to draw out only as much cash as you currently have.

What is a math sample using debit cards vs credit cards?

A Debit card is just like writing a check. The money comes out of your checking account right away. A Credit card sends you a bill and then you pay it. No money leaves you until you pay the bill.

What is the average ratio of cash vs credit card payments for a sit down restaurant?

I run a putt putt golf course, which would probably be more equivalent of a fast food restaurant in terms of cash to credit. But we usually get 70% of revenue through cash and 30% through credit/debit cards.

What does credit evaluation mean?

Your credit vs debt ratio is analyzed. This is the evaluation.

What is synonyms for the word credit?

credit could equal "recognition" ex. "Give recognition where recognition is due" vs. "credit where credit is due"

How do you buy Plants vs Zombies with out credit card?

Where is your location? If you happen to live in the United States you can purchase a pre paid debit card with visa or master card logo that you can use to buy games like Plants and Zombies or you can use this card for online shopping.

Can you use your Victoria's Secret card at bath and body works?

Yes a VS* credit card will woek but not a VS gift card *VS=victoria secret

How many revolving credit lines do you need to have to help boost your credit score vs paying off old debt in collections?


How much does a 2500 surety bond cost?

Surety Bonds are all based off your individual credit score. So, if you have good credit then your rate will be lower vs. someone who has bad credit.

What are the release dates for Red vs- Blue The Blood Gulch Chronicles - 2003 Where Credit Is Due 5-15?

Red vs- Blue The Blood Gulch Chronicles - 2003 Where Credit Is Due 5-15 was released on: USA: 2006

Where can you get plant vs zombie?

you can get plants vs zombies off a site called steam you have to download steam and pay with a credit card it is a very cheap game only about $9.99

Accounts payable vs bills payable?

account payable is a current liability for item purchased on credit

Is there WWE smackdown vs raw PC game?

no but you will need credit cards like visa or etc.

The advantages of a credit unions over banking?

The interest rates are usually cheaper and it's a little easier to obtain credit if you are a member. Credit Unions are usually ran by local companies vs. most banks being corperate owned.

Credit card closed by issuer affect credit score?

Yes. Creditors report to the credit reporting agencies the terms under which an account is closed. It looks bad and is a slightly more derogatory status when an account is closed by the lender vs. closed by the customer.

Can you use the Victoria's secret credit card at bath and body works?

Yes, however, you cannot use a VS gift card at BBW. Also, you do not get VS angle points from purchases made at BBW.

Does it hurt your credit to close out a victoria's secret card?

That would depend on several factors. If your Victoria Secret card has significant history on it, then yes, it can hurt your credit by erasing some of your credit history. Also, if you have a large credit line on your VS card (not likely since retail cards don't often have high limits), then closing it can reduce your credit utilization rate, thereby hurting your credit.

List three things that impact your credit score?

1. Credit Card Balance vs. Credit Limit 2. Late payments 3. The amount of inquiries Bonus: any bills sent to collection

What are the credit score ranges?

it all depends on your debt ratio. some people might have good credit score, 660, and if they owe too much vs their income, it it is difficult to apply for any major loans. average credit score is between 630-660.. anything above is consider good credit score..

Ein number vs credit profile?

This is any 9-digit number distributed by the IRS that you can build credit on. Credit Profile Number is a very general term, that can be said for any number given to attain credit. Many sell what is called a credit profile number to the public for as high as $700.00. This is the creation of a second credit profile using different information to establish a new credit file. The Federal government does not condone this practice as it can lead easily into fraudalent activity.

Are credit cards or travelers checks better for vacation?

Both credit cards and travelers checks have differing advantages. Credit cards can be more convenient compared to travelers checks because you will have to sign each check. This article examines the advantages and disadvantages of each option:

If I don't use my credit card for a long time and the credit card complany decides to close my account will that look bad on my credit report?

It will remove the available amount of credit from your total sum of available credit. Chances are if it was only a very small amount(like a $1,000.00 or less) it won't make a difference. However if it was a larger amount that will reduce your available credit ratio/vs debt, that could drop your score. Check out for an educated info on most or all credit score etc questions.

What are the benefits of only accepting cash vs taking also credit cards?

If you take credit cards at your business, you will be charged a fee for service. It will be a percentage of the amount paid by the card holder. If you get paid in cash, it is ALL yours!