Customer debited in an account refers to a transaction where a customer's account balance is reduced due to a withdrawal, payment, or charge. This action reflects a decrease in the funds available to the customer, often resulting from purchases or fees. It is essential for maintaining accurate financial records and ensuring proper account management. Understanding this concept helps both customers and businesses track their financial activities effectively.
debited
credited
Accounts Receivable
Make sure that the customer account is credited and that cash is debited.
A check received from customer will be credited to his account , hence his earlier debit balance will be reduced . simultaniously it will be debited to bank account , hence bank balance will be increased
debited
credited
credited
When your account is debited, it means that money has been taken out of your account. This could be due to a purchase, a withdrawal, or a fee being charged.
Accounts Receivable
The customer's, once they pay the invoice for the services rendered.
If you are the seller and recieve an advance payment from a customer, it means you are owing the customer and as much a creditor. Your cash is debited and the customer ( Customer's deposit account) credited;
Make sure that the customer account is credited and that cash is debited.
A check received from customer will be credited to his account , hence his earlier debit balance will be reduced . simultaniously it will be debited to bank account , hence bank balance will be increased
When a transaction is debited to your account, it means that the amount of money has been taken out or deducted from your account.
yes debited is a deduction from the account as it only taked whats int your account out if you have enough
these are the cheques that has been presented to the bank but still they are under process by the bank. The customer account has been debited already.