0
Deposit is teller friendly, efficient and accurate Counter credit is more work for teller, mistake possible
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
What does counter credit mean?
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.
What is cash deposit credit adjustment?
When you have cash deposit credit adjustment how do you post it to ledger account
What is the difference between a credit memorandum and a debit memorandum?
A Debit Memo is a over payment A Credit Memo is a over payment
Is a bank deposit slip a credit or debit?
A bank deposit slip is used for credit. Credit is an action in which money is deposited into a bank account. For doing so, we need to fill a deposit slip. The deposit slip contains details like the name of the account holder, amount of money deposited, the denominations, date of deposit etc.
What is the difference between a checking account and credit card account?
checking from bank fund & credit card prepaid by credit
How does counter credit differ from a deposit?
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.
What does counter credit mean?
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.
What is difference between rural credit and micro credit?
What is the difference between micro credt and rural credit?
What is the difference between installment credit and open ended credit?
the difference between installment credit and open ended credit is they are the same..
What is the difference between a bank loan and a bank credit?
What is the difference between bank loan and bank credit?
What is the difference between finance companies and deposit-taking finance institutions?
Finance (credit) companies are different from deposit-taking banking institutions in that their sources of funds are not deposits. They acquire funds in the market by issuing their own obligations, such as notes and bonds.
Explain the difference between a cash and credit transaction for purchass and sales?
explain the difference between cash and credit transaction
What is the difference between credit shelter trust and irrevocable trust?
What is the difference between credit shelter trust and irrevocable trust?
What is the difference between a bond and a security?
A bond in this context is issued by a surety company and is a form of guarantee. Security can take the form of a cash deposit, an Irrevocable Letter of Credit or a surety bond.
Is a deposit a credit or debt?
Credit :)
What is cash deposit credit adjustment?
When you have cash deposit credit adjustment how do you post it to ledger account
What is a unsecured credit card?
A secured credit card requires a security deposit. An unsecured credit card is the traditional credit which does not require a security deposit.
