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What transaction affects a account?

Updated: 9/21/2023
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Q: What transaction affects a account?
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What is the correct drill-down hierarchy for account lists and transaction lists?

Management account, cardholder account, transaction list


What is the correct drilled hierarchy for account lists and transaction lists?

Managing account to card account to transaction list


What type of account can be a transaction account?

A checking account


The transaction would increase an asset account and increase a liability account?

The transaction would increase an asset account and increase a liability account?


What is the correct drill-down hierarchy for account list and transaction lists?

Management account, cardholder account, transaction list


What is the correct drill-down hierarchy for account lists and transaction list?

Management account, cardholder account, transaction list


What is the correct drill down hierarchy for account list and transaction lists?

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Is a checking account considered a transaction account?

Yes.


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What are banking transactions?

Lodging money into a bank account is a transaction, as is withdrawing money. Adding interest to an account is a transaction. Direct debits are transactions. Deducting bank charges is a transaction. Basically any sort of activity involving a change of money in an account is a transaction. You will get a list of them on a bank account statement.


What transaction would decrease an asset account and decrease the owner's equity account?

Give me an example for what, the transaction would decrease an asset account and decrease the owner's equity account?


What transaction would decrease an asset account and decrease the owner and equity account?

Give me an example for what, the transaction would decrease an asset account and decrease the owner's equity account?