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We debit our bank account every time with withdraw (take out) money from our bank account.

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9y ago

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Can you explain what a debit card transfer to your bank account is?

A debit card transfer to your bank account is when you move money from your debit card to your bank account. This allows you to access the funds in your bank account using your debit card.


Is it possible to have a debit card without a bank account?

No, it is not possible to have a debit card without a bank account. Debit cards are linked to a bank account and are used to access funds deposited in that account.


Is a bank account balance shown as a debit?

No, a debit is a with-drawl from your account.


When to do we debit bank account?

We debit our bank account every time we withdraw (take out) some of our money.


Is my bank account number printed on my debit card?

No, your bank account number is not typically printed on your debit card.


What is the debit and credit in made a payment on accounts payable?

account payable account debit to bank account


What is the entry for bank loan account?

Debit Bank Account - Assets Credit Bank Loan Account - Liability


Can you explain how a debit card transfer to a bank account works?

A debit card transfer to a bank account works by electronically moving money from your debit card to your bank account. When you initiate the transfer, the funds are deducted from your debit card balance and added to your bank account balance. This process is usually quick and convenient, allowing you to access your money easily.


What journal entry is needed to debit for bank service charges?

[Debit] Bank service charges [Credit] Bank account


What is journal entry for bank charges?

bank charges a/c debit to cash a/c credit


What is entry for interest credited into Bank account?

bank account debit and interest payable credit


What is the journal entry for cheque of another bank deposited to bank?

[Debit] Bank account [Credit] Cash account