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Which word means an amount of money which is taken out of an account?
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∙ 7y ago
withdrawel
Wiki User
∙ 7y ago
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What means of debit?
A Debit is a transaction wherein money is debited or withdrawn or taken out from your bank account. For Ex: You use your ATM card to withdraw money from an ATM, this transaction will be reflected as Debit in your account because you have taken money from your account.
What does debit an account mean?
A Debit is a transaction wherein money is debited or withdrawn or taken out from your bank account. For Ex: You use your ATM card to withdraw money from an ATM, this transaction will be reflected as Debit in your account because you have taken money from your account.
Card where money is taken directly from a bank account?
A Card where money is taken directly from the bank account linked with it, everytime you use is called a "Debit Card". It is like a credit card that you can use for shopping at stores/malls or even for online shopping. The only difference is that, everytime you use it, money is directly debited from the account linked with it (either checking or savings) and you will be allowed to spend only up to the amount you hold in the account as balance.
Can you deduct the amount of money taken out of your paycheck for a garnishment on your tax return?
No
Why the journal entry is debit when the owner withdraws money from the business account for personal use?
It is a debit because money is being taken from the account. You debit the owner's capital account and credit cash/bank.
What means of debit?
A Debit is a transaction wherein money is debited or withdrawn or taken out from your bank account. For Ex: You use your ATM card to withdraw money from an ATM, this transaction will be reflected as Debit in your account because you have taken money from your account.
What should not necessarily be taken into account when figured the amount of money a person may need to retire?
level of education
Which should not necessarily be taken into account when figuring the amount of money a person may need to retire?
Level of Education
What is a debit to your checking account?
A Debit is a transaction wherein money is debited or withdrawn or taken out from your bank account. For Ex: You use your ATM card to withdraw money from an ATM, this transaction will be reflected as Debit in your account because you have taken money from your account
Should level of education be taken into account when figuring the amount of money a person may need to retire?
level of education
Can money be deposited into frozen account?
Yes money can be deposited in account when frozen but cannot be taken out.
What does debit an account mean?
A Debit is a transaction wherein money is debited or withdrawn or taken out from your bank account. For Ex: You use your ATM card to withdraw money from an ATM, this transaction will be reflected as Debit in your account because you have taken money from your account.
What are the advantages of having Banks?
It allows consumers to save their money for long-term uses in saving accounts, and such. Also allows banks to offer cheques; this is where chequing accounts are used, for the amount of money written on a cheque is the amount of money taken out of your chequing account.
Does how much money is left is it subtracting or adding?
Subtracting. When you are given a problem asking "how much money is left," that means some money was taken away, and you are asked about the remaining amount. To take away money means using subtraction.
Card where money is taken directly from a bank account?
A Card where money is taken directly from the bank account linked with it, everytime you use is called a "Debit Card". It is like a credit card that you can use for shopping at stores/malls or even for online shopping. The only difference is that, everytime you use it, money is directly debited from the account linked with it (either checking or savings) and you will be allowed to spend only up to the amount you hold in the account as balance.
How can one save money in an organized and fashionable way?
The easiest way is to set up an automatic debit against your paycheck or checking account at your bank, with a specified amount being automatically taken from your paycheck or checking account and deposited into a savings account.
What if your pay is the actual amount that you make?
Than you aren't getting any taxes taken out of your check, and it means that you are going to owe money to the IRS.
