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ptr Dupuis

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4y ago

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Do credit cards instantly debit a bank account when a transaction occurs?

When a transaction occurs, a credit card does not instantly debit a bank account. Since a credit card is linked to a line of credit, it is dependent on the user to make individual payments in order to replenish that credit line.


Is prepaid insurance a debit or credit?

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Does cash on hand have a debit or credit balance?

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Is cost of sale credit or debit?

Credit or debit


Is a refund to a credit card a debit or credit?

Debit


What are the rules of debit and credit for assets?

There are three rules for recording transactions: Personal account Debit the receiver. Credit the giver. Real account Debit what comes in. Credit what goes out. Nominal account Debit all expenses.There are three Golden Rules for Debit & Credit, whole accounting is depend on these three rules :- 1. Debit what comes in & Credit what goes out. 2. Debit the receiver & Credit the..Because to make the things debit on debit side and credit on credit side, for that purpose its important to memorize the debit and credit rule.


Why is it important to memorize the debit and credit rules?

Because to make the things debit on debit side and credit on credit side, for that purpose its important to memorize the debit and credit rule.


Is drawing debit or credit?

its debit.


How do you pay your daughter bill with your credit card?

With your credit card via on line merchant or set up a direct debit


How do you post a debit or a credit?

debit is the receiver,credit is the giver


Bank overdraft is in debit or credit side?

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Is bank loan credit or debit in trial balance?

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