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When do we debit bank account?
We debit our bank account every time with withdraw (take out) money from our bank account.
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.
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
Can you have a premier account with PayPal with a debit mastercard and bank account?
Yes, you can have a Premier account with PayPal using a debit Mastercard and a linked bank account. A Premier account allows you to accept payments and conduct transactions more flexibly than a personal account. You can link your debit card and bank account for funding transactions and withdrawals. Just ensure that your debit card is enabled for online transactions.
What is entry for interest credited into Bank account?
bank account debit and interest payable credit
