0
In banking, a post debit decreases your balance (as opposed to a credit which increases your balance until the funds are later withdrawn). A post debit is similar to writing a check on your account.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
How do you post a debit or a credit?
debit is the receiver,credit is the giver
What services are provided by POSB internet banking?
POSB does not offer internet banking. It offers an ATM service that is a lot easier to access then most ATM services.
What society had a debit and credit card system?
Post industrial
What is the post code of sector 13 rohini delhi?
what is the zip code sector -13 , rohini delhi
What do you think of the responsibilities duties of a clerk job in the banking sector?
Bank clerk's main responsibilities are to maintain basic transactions involved in banking and he also has to serve as a point of contact to the customer.It is an entry level post where in all the financial queries are answered and fundamental updates and calculations are made.He has to record and maintain all the loan information.
What is a post-dated journal entry?
Debit accounts payable / expensesCredit bank
Can you buy a money order with a debit card at the post office?
yes debit is just like cash, they won't let you select the credit button
Explain the measures of money supply in India?
MEASURES OF MONEY SUPPLY IN INDIAThe Reserve Bank of India defines the monetary aggregates as:Reserve Money (M0): Currency in circulation + Bankers' deposits with the RBI + 'Other' deposits with the RBI = Net RBI credit to the Government + RBI credit to the commercial sector + RBI's claims on banks + RBI's net foreign assets + Government's currency liabilities to the public - RBI's net non-monetary liabilities.M1: Currency with the public + Deposit money of the public (Demand deposits with the banking system + 'Other' deposits with the RBI).M2: M1 + Savings deposits with Post office savings banks.M3: M1+ Time deposits with the banking system = Net bank credit to the Government + Bank credit to the commercial sector + Net foreign exchange assets of the banking sector + Government's currency liabilities to the public - Net non-monetary liabilities of the banking sector (Other than Time Deposits).M4: M3 + All deposits with post office savings banks (excluding National Savings Certificates).
'career aspiration of a banker'?
do banking exams and come to a good post
What is the journal entry for post dated cheque is received?
debit bankcredit accounts receivable
How do you post a journal entry for the sale of a vehicle?
Debit cash / bankCredit vehicle account
Journal entry for post dated cheque?
Debit expenses / accounts payableCredit bank
