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What is the different between cash credit account and current account?
Diff. between CC account & current account
What is the difference between a checking account and credit card account?
checking from bank fund & credit card prepaid by credit
What is the difference between a purchase on account and a sale on account?
Purchase on account means purchases from vendors on credit while sales on account means selling to customers on credit.
What is the difference between debit account and credit account?
There are two main differences that stand out between a Debit Account and a Credit Account, those are;A Debit Account always maintains a Debit Balance, meaning the account increases with a Debit to that account and decreases with a Credit to that account. These are generally Asset Accounts.A Credit Account is just the opposite, A Credit Account maintains a Credit Balance, meaning that the account increases with a Credit and decreases with a Debit, these accounts are usually used for Liabilities and Owners Equity (Stockholders Equity).
What is owner's current account and it's accounting entry?
owners current account is called a personal account and it has a credit entry
What is the different between cash credit account and current account?
Diff. between CC account & current account
What is the difference between a checking account and credit card account?
checking from bank fund & credit card prepaid by credit
What is the difference between a purchase on account and a sale on account?
Purchase on account means purchases from vendors on credit while sales on account means selling to customers on credit.
What is the main difference between credit and debit?
The main difference between credit and debit is that credit allows you to borrow money that you have to pay back later, while debit uses money you already have in your account.
What is balence?
The balance is the difference between the totals of the credit and debit sides of a financial account.
What is the difference between a loan and an overdraft?
an overdraft is over drawing on a current account in excess of the credit balance whilst a loan is the act of lending or borrowing, for temporary use with permission
What is the difference between debit account and credit account?
There are two main differences that stand out between a Debit Account and a Credit Account, those are;A Debit Account always maintains a Debit Balance, meaning the account increases with a Debit to that account and decreases with a Credit to that account. These are generally Asset Accounts.A Credit Account is just the opposite, A Credit Account maintains a Credit Balance, meaning that the account increases with a Credit and decreases with a Debit, these accounts are usually used for Liabilities and Owners Equity (Stockholders Equity).
What is the difference between debit and credit?
Debit - purchase deducted from your bank account Credit - gets put on a bill, and you pay it later
What is the difference between my current balance and the remaining statement balance?
Your current balance is the total amount of money in your account at the moment, while the remaining statement balance is the amount you still owe on your credit card after the last billing cycle.
What is the difference between net credit and net debit in financial transactions?
The difference between net credit and net debit in financial transactions is that net credit means the total amount of money received or credited to an account, while net debit means the total amount of money paid out or debited from an account.
What's the difference between debit and credit in terms of financial transactions?
Debit is when money is taken out of an account, reducing the balance, while credit is when money is added to an account, increasing the balance.
What is owner's current account and it's accounting entry?
owners current account is called a personal account and it has a credit entry
