Barclays connect card...purchases paid for on debit card.
debit
it is because drawings are money taken out from business.....so its a debit....and also its debit in statement of financial position.
Debit in your Income statement credit in your balance sheet.
Direct Debit
Debit
It is the abbreviation for a debit transaction.
D stands for "Debit" in your mini statement. It refers to a Debit or Withdrawal transaction in your account. Let's say you withdraw Rs. 1000/- from your account now, and then try to get a mini statement, this Rs. 1000/- that you just took from your account would have a code D against it indicating a debit or withdrawal transaction on your account.
Barclays connect card...purchases paid for on debit card.
All expenses have debit balance as normal accounting balance so all expenses shown on debit side of income statement.
mini statement in my account
A s d onbarclay mini statement
debit
it is because drawings are money taken out from business.....so its a debit....and also its debit in statement of financial position.
Debit in your Income statement credit in your balance sheet.
Direct Debit
credit