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We debit our bank account every time we withdraw (take out) some of our money.
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∙ 8y ago
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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.
Is a bank account balance shown as a debit?
No, a debit is a with-drawl from your account.
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
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
What does it means if sundry creditor hava a debit balance and credit balance?
If someone has a creditor and has a debit balance and a credit balance this means they have a bank account. The bank account provides the debit card and the bank provides the credit balance.
What is the journal entry for Payment to builders for new building?
[Debit] Building account [Credit] Cash / bank
What is the journal entry for cash withdraw?
You write a cash withdrawal as follows: debit cash ; credit bank.
Fraud direct debit on your bank account what do i do?
Call up your bank, file dispute charges against the direct debit. Most likely they will give you a new bank account number.
