The answer will appear on the statement in re, meaning that it is a negative or credit value.
Debit
credit side
credit
Cash you have deposited into a bank is credit Money to be paid back later is debit
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.
Example of journal entries are as follows: 1 - Start of business [Debit] Cash /bank / goods [Credit] owners equity 2 - Purchase of asset [Debit] Asset account [Credit] Cash / bank 3 - Increase of capital [Debit] Cash / bank [Credit] Owners equity 4 - Decrease in capital [Debit] Treasury Stock [Credit] Cash / bank
[Debit] cash 2600 Credit sales 2600 Deposited to bank Debit Bank 2600 Credit Cash 2600
It's a credit. When you take money out - it's a debit.
[Debit] Bank service charges [Credit] Bank account
Cash/Bank/Accounts Receivable [Debit] Sales[Credit]
bank charges a/c debit to cash a/c credit