0
The answer will appear on the statement in re, meaning that it is a negative or credit value.
What else can I help you with?
Is cash in bank debit or credit?
Debit
Bank overdraft is in debit or credit side?
credit side
Is bank loan credit or debit in trial balance?
credit
Is cash in the bank debit or credit?
Cash you have deposited into a bank is credit Money to be paid back later is debit
Is an increase to your bank statement a debit or credit?
credit
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 are some journal entries?
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
Cash sales of 2600 was credited into the bank?
[Debit] cash 2600 Credit sales 2600 Deposited to bank Debit Bank 2600 Credit Cash 2600
When you add money to your bank account is it debit or credit?
It's a credit. When you take money out - it's a debit.
What journal entry is needed to debit for bank service charges?
[Debit] Bank service charges [Credit] Bank account
What is the double entry for sale?
Cash/Bank/Accounts Receivable [Debit] Sales[Credit]
What is journal entry for bank charges?
bank charges a/c debit to cash a/c credit
