No, credit cards are loans and debit cards are checks.
No,it can be used anywhere that accepts MC but it does not build credit if it's a standard bank issued debit card.You can run a debit card as credit at a retailer but it will withdraw from your bank account.
In banking parlance, Credit refers to a transaction where funds came into the account under question and Debit refers to a transaction where funds were taken out from the account. For ex: If your company deposits your salary into your bank account, it will be a credit transaction. Similarly, if you use your ATM Card and withdraw some money, it will be a debit transaction.
credit side
credit
it is a credit
[Debit] Accrued salary payable [Credit] Cash / bank
You are a homosapien
wages is expense and expense is debit salary is income and income is credit
[Debit] Salary expense [Credit] Cash / bank
[Debit] Salary Expense xxxx [Credit] Salary payable xxxx
While it's a credit to your account, it's a debit to the Salary & Remuneration account of your Employer.
debit
No, credit cards are loans and debit cards are checks.
debit cash / bank (with overpaid amount)credit salary expenses
Debit salary expenseCredit cash (balance figure)Credit fine deduction
debit to payroll expense credit to accured payroll