Counter credit means a person went into a bank and made a deposit with the teller. Sometimes this term will show up on your bank statement.
Deposit is teller friendly, efficient and accurate Counter credit is more work for teller, mistake possible
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letter of credit
"Depreciation Expense" is a Debit entry and the counter entry is "accumulated depreciation" on an asset which is a credit entry. Depreciation - DR. Amount X Acc. Depreciation - CR. Amount X
CRedit
Money that was paid into your account by someone going into the bank and paying it over the counter
A counter credit is a general term for an addition to your account. For example if you had a problem with a fee and visited your bank branch they may issue a counter credit to refund the fee into your account. A deposit could also be handled as a counter credit depending on the bank and if you are splitting the deposit between multiple accounts.
Deposit is teller friendly, efficient and accurate Counter credit is more work for teller, mistake possible
money that was paid into your account over the counter in the branch using a paying in slip.
A BANK GIRO IS A TERMS OF PAYMENT WHEN OF USING A SLIP PROVIDED BY THE BANK IN ORDER TO CREDIT AN ACCOUNT
counter
opposite
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A counter argument is an argument made against another argument.
The meaning of the root word counter is 'against'.
Nothing. You probably mean cantilever.
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