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Basically it means that the previous transactions are being brought forward. This is how the explanation reads (in fine print):
"When you next update your passbook, the first line that prints will be the net total of all transactions shown on the enclosed account recap. This total will appear as BIC (back item credit) or BID (back item debit) depending on whether the net amount is positive or negative."
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∙ 11y ago
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What does back item credit mean?
Basically it means that the previous transactions are being brought forward. This is how the explanation reads (in fine print): "When you next update your passbook, the first line that prints will be the net total of all transactions shown on the enclosed account recap. This total will appear as BIC (back item credit) or BID (back item debit) depending on whether the net amount is positive or negative."
Where can you find your account number for your debit card?
at the back of the debit card
What type of expensis in debit?
if you mean what type of expense is a debit, a debit is a liability, so therefore it is an expense.
If supplies are return back to company and a reduction is on the account is it a credit or debit?
Debit account
Is advertising expense debit or credit?
As the item says in itself it is an expense and therefore it should be debited.It is one of the rules of the accounts to debit all expenses and losses.
What does back item credit mean?
Basically it means that the previous transactions are being brought forward. This is how the explanation reads (in fine print): "When you next update your passbook, the first line that prints will be the net total of all transactions shown on the enclosed account recap. This total will appear as BIC (back item credit) or BID (back item debit) depending on whether the net amount is positive or negative."
If an item is bought by credit will it be a journal entry?
Debit item purchasedCredit accounts payable
What does it mean when something is on back order?
When something is on back order it means the item ordered is out of stock. When the item is in stock again or available from the manufacturer it will be shipped as soon as possible.
Can you return an item to the store if you paid with a debit card?
certainly
Where can you find your account number for your debit card?
at the back of the debit card
Do airlines accept debit cards?
They should do ! A debit card is seen as 'electronic cash'. You can only pay for items with a debit card IF there is enough money in the linked bank account to pay for the item.
What type of expensis in debit?
if you mean what type of expense is a debit, a debit is a liability, so therefore it is an expense.
What does brooch mean?
A brooch is an item of jewelry with a pin on the back to pin to your clothing.
Where is the social security number on a debit card?
It does not appear on the card itself . If you mean security code-3 digits on the back.
Is advertising expense debit or credit?
As the item says in itself it is an expense and therefore it should be debited.It is one of the rules of the accounts to debit all expenses and losses.
If supplies are return back to company and a reduction is on the account is it a credit or debit?
Debit account
What is a cash back card?
DEBIT
