Management account, cardholder account, transaction list
The transaction would increase an asset account and increase a liability account?
Management account, cardholder account, transaction list
Yes.
Managing account to card account to transaction list
When a transaction is debited to your account, it means that the amount of money involved is subtracted from your account balance. This can happen when you make a purchase, pay a bill, or withdraw cash. Your balance decreases by the amount of the transaction, reflecting the new total amount of money in your account.
Management account, cardholder account, transaction list
Managing account to card account to transaction list
A checking account
The transaction would increase an asset account and increase a liability account?
Management account, cardholder account, transaction list
Management account, cardholder account, transaction list
Management account, cardholder account, transaction list
When a transaction is debited to your account, it means that the amount of money has been taken out or deducted from your 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A Debit is a transaction wherein money is debited or withdrawn or taken out from your bank account.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
Yes.
Managing account to card account to transaction list