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Money periodically added to a balance is commonly referred to as a "credit." This can occur in various contexts, such as interest payments, salary deposits, or any form of regular income. In banking, it increases the account balance, while in accounting, it reflects an inflow of resources.
What else can I help you with?
What is the amount of money in an account called?
It is called a bank accounts balance
A statement of money received and paid with a balance?
A statement of money received and paid with a balance is an account.
When you put money into account it is called what?
When you put money into an account, it is called a "deposit." This can occur in various types of accounts, such as savings or checking accounts, and it increases the balance of the account. Deposits can be made in cash, checks, or electronic transfers.
What is the amount of money you still owe to their credit card company called A?
The amount of money you still owe to the credit card company is called your "credit card balance." This balance reflects any outstanding charges, including purchases, interest, and fees, that have not yet been paid off. It's important to manage this balance to avoid high interest charges and potential damage to your credit score.
Deposited money in bank is cr or dr?
When you deposit money into a bank account, it is considered a credit transaction. This is because you are increasing the balance in your account, which is a credit to your account. From the bank's perspective, they are also increasing their liabilities by owing you that money, which is recorded as a credit on their books.
The amount of money in a bank account is called what?
account balance
What is the amount of money in an account called?
It is called a bank accounts balance
What is the amount of money in a bank called?
account balance
What's the difference between debit and credit in terms of financial transactions?
Debit is when money is taken out of an account, reducing the balance, while credit is when money is added to an account, increasing the balance.
The difference between money coming into a country and money leaving a country is called?
balance of payments
The amount of money deposited or borrowed is the?
It is sometimes called the capital.
What is the report called that lists the amount of money the organization has spent and has available?
A balance sheet
What is called the amount of money that you have in your bank account an any point in time?
Bank Balance.
What is the amount of money you owe to the credit card company called?
It's called the outstanding balance - or more accurately... debt !
What is the meaning of the keyword "credited to your account"?
The phrase "credited to your account" means that a certain amount of money or value has been added to your account or balance.
What is the amount of money you still owe to their credit card company called?
It's called the outstanding balance - or more accurately... debt !
Can you explain what "credited to your account" means?
"Credited to your account" means that a certain amount of money or value has been added to your account, increasing the balance or available funds.
