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When something is debited from your account, it means that a specific amount of money has been withdrawn or deducted, typically for a purchase, service, or fee. Common examples include transactions such as ATM withdrawals, bill payments, or subscription services. The debit reduces your account balance and is recorded in your account statement or transaction history.
What else can I help you with?
Is debited a deduction?
yes debited is a deduction from the account as it only taked whats int your account out if you have enough
When the seller is paid the customer's account is.credited or debited?
debited
When December rent is paid in November to which account is it debited?
Prepaid Rent is debited.
When December rent is paid in November which account is debited?
Prepaid Rent is debited.
When a comapany pays a bill the cash account WILL BE?
Debited.
What does it mean when a transaction is debited to your account?
When a transaction is debited to your account, it means that the amount of money has been taken out or deducted from your account.
Is debited a deduction?
yes debited is a deduction from the account as it only taked whats int your account out if you have enough
When the seller is paid the customer's account is.credited or debited?
debited
When December rent is paid in November to which account is it debited?
Prepaid Rent is debited.
When December rent is paid in November which account is debited?
Prepaid Rent is debited.
Can you explain what it means when your account is debited?
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.
What is debited?
It is something that is entered into an account as a debt
Can your bank account be debited without you being told?
NO.
When a comapany pays a bill the cash account WILL BE?
Debited.
Is a withdraw debited?
Yes, a withdrawal is typically debited from your account. When you withdraw funds, the amount is deducted from your account balance, reflecting a decrease in your available funds. This transaction is recorded as a debit entry in your account statement.
When is the petty cash account debited?
The petty cash account is debited when a company establishes or increases its petty cash fund. This entry reflects the outflow of cash from the main cash account to the petty cash account. Additionally, it may be debited when replenishing the petty cash fund, as it accounts for the expenses incurred that were paid from petty cash.
What account is credited when a debit card is used to pay cash on account?
It is your checking account , but it is debited, not credited.
