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What else can I help you with?
Is an owners drawing account is a debit?
Yes owners drawings account is debit because cash is credited when withdrawal to reduce the cash from business.
What is the difference between a debit card and a cash ard?
A cash card isn't connected to a bank account ( apex) Hopefully I worded it correctly
What are the differences between cash and debit cards?
They are one in the same with the exception that with cash you have the money in hand. Debit is a card that is linked to your checking account and you debit your money from your account but it is the same as cash in a store.
What is a debit card described as?
In simple terms - a debit card is 'electronic cash'. You can only pay for things with a debit card as long as there is enough money in the account that's linked to it. Once the cash is spent, the card will be rejected.
Cash Rs 2800 paid for plant repairs was correctly accounted for in the cash book but was credited to the plant asset account?
entry to this would be plant account dr 5600 to suspense account 5600 in this entry we had to debit plat's account by rs 2800 but we had credited it by rs 2800 so we will debit plant's account by rs 5600 with suspense
Can you transfer cash to a debit card?
Yes, you can transfer cash to a debit card by depositing money into your bank account linked to the debit card.
Is an owners drawing account is a debit?
Yes owners drawings account is debit because cash is credited when withdrawal to reduce the cash from business.
What is the difference between a debit card and a cash ard?
A cash card isn't connected to a bank account ( apex) Hopefully I worded it correctly
What are the differences between cash and debit cards?
They are one in the same with the exception that with cash you have the money in hand. Debit is a card that is linked to your checking account and you debit your money from your account but it is the same as cash in a store.
What is a debit card described as?
In simple terms - a debit card is 'electronic cash'. You can only pay for things with a debit card as long as there is enough money in the account that's linked to it. Once the cash is spent, the card will be rejected.
Is debit card non cash product?
You must have enough cash in your bank account to cover the cost of the purchase when you use your debit card ( some banks limit the amount that you can pay for with a debit card also )
Does a debit iincreasse a cash account?
Cash account has a debit as a normal balance so debit increases the cash account and credit reduces the cash account which is reverse of debit balance.
What is the difference between a debit card and a cash card?
A cash card isn't connected to a bank account ( apex) Hopefully I worded it correctly
What is the difference between a debit card and cash card?
A cash card isn't connected to a bank account ( apex) Hopefully I worded it correctly
Cash Rs 2800 paid for plant repairs was correctly accounted for in the cash book but was credited to the plant asset account?
entry to this would be plant account dr 5600 to suspense account 5600 in this entry we had to debit plat's account by rs 2800 but we had credited it by rs 2800 so we will debit plant's account by rs 5600 with suspense
Can you use visa debit to go overdrawn?
No - a debit card is simply an electronic version of cash. If there are insufficient funds in your account to cover the transaction, the card will be declined.
What are advantages of a debit card?
Obtaining a debit card is often easier than getting a credit card. If you qualify to open a bank account, you can usually get a debit card.Unlike when you write a check, using a debit card saves you from having to show identification or give out personal information at the time of the transaction.It frees you from carrying cash or a checkbook.It can save you from having to stock up on traveler's checks or cash when you travel.Debit cards may be more readily accepted than checks, especially in other states or countries.If you return merchandise or cancel services paid for with a debit card, the transaction will be treated as if it were made with cash or a check. Customers usually get cash back for on-line purchases; for off-line transactions, the amount is credited to your account.Most ATMs will allow you to get a cash advance against the line of credit on your credit card, using your credit card and a separate PIN. You do not necessarily have to have a bank account to do this.Obtaining a debit card is often easier than getting a credit card. If you qualify to open a bank account, you can usually get a debit card.Unlike when you write a check, using a debit card saves you from having to show identification or give out personal information at the time of the transaction.It frees you from carrying cash or a checkbook.It can save you from having to stock up on traveler's checks or cash when you travel.Debit cards may be more readily accepted than checks, especially in other states or countries.If you return merchandise or cancel services paid for with a debit card, the transaction will be treated as if it were made with cash or a check. Customers usually get cash back for on-line purchases; for off-line transactions, the amount is credited to your account.Most ATMs will allow you to get a cash advance against the line of credit on your credit card, using your credit card and a separate PIN. You do not necessarily have to have a bank account to do this.Saves having cash in my wallet
