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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.
The Debit and Credit on a bank statement reflect the Bank's accounting records, not yours. So when you deposit money into your account, the bank owes you that money to you - it is a liability for them, therefore a credit entry. Similarly, if they charge you a bank fee, it reduces their liability to you, so they would Debit your account (on their books) and Credit an Income account.
when debit and credit column is not match of bank account
It means Bank Giro Credit
Bank Statement.
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.
The funds are a credit to the bank that is issuing the statement. They "owe" you the money, therefore the credit.
There is no correct or specific wording. Normally, the word credit or credit for bank error will appear on your statement.
credit
Counter withdrawal. Money was withdrawn from the bank account through a bank teller from inside a bank.
A BANK GIRO IS A TERMS OF PAYMENT WHEN OF USING A SLIP PROVIDED BY THE BANK IN ORDER TO CREDIT AN ACCOUNT
it is william
The Debit and Credit on a bank statement reflect the Bank's accounting records, not yours. So when you deposit money into your account, the bank owes you that money to you - it is a liability for them, therefore a credit entry. Similarly, if they charge you a bank fee, it reduces their liability to you, so they would Debit your account (on their books) and Credit an Income account.
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.
"CR" on your bank statement typically stands for "credit." This means that a credit transaction, such as a refund or deposit, has been made to your account.
The answer will appear on the statement in re, meaning that it is a negative or credit value.