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Can you explain the process of a transaction being debited to your account and how it affects your balance?

When a transaction is debited to your account, it means that the amount of money involved is subtracted from your account balance. This can happen when you make a purchase, pay a bill, or withdraw cash. Your balance decreases by the amount of the transaction, reflecting the new total amount of money in your account.


What is the correct drill-down hierarchy for account lists and transaction lists?

Management account, cardholder account, transaction list


What is the correct drilled hierarchy for account lists and transaction lists?

Managing account to card account to transaction list


What type of account can be a transaction account?

A checking account


The transaction would increase an asset account and increase a liability account?

The transaction would increase an asset account and increase a liability account?


What is the correct drill-down hierarchy for account list and transaction lists?

Management account, cardholder account, transaction list


What is the correct drill down hierarchy for account list and transaction lists?

Management account, cardholder account, transaction list


What is the correct drill-down hierarchy for account lists and transaction list?

Management account, cardholder account, transaction list


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.


How do you assign a account to a bill transaction?

To assign an account to a bill transaction, first, open the bill transaction in your accounting or bookkeeping software. Then, locate the field for account assignment, typically labeled as "Account," "Category," or similar. Select the appropriate account from the dropdown menu or enter the account name directly. Finally, save the transaction to ensure the account assignment is recorded.


Is a checking account considered a transaction account?

Yes.


What is the correct drill down hierarchy lists and transaction lists?

Managing account to card account to transaction list