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What else can I help you with?
What means of debit?
A Debit is a transaction wherein money is debited or withdrawn or taken out from your bank account. For Ex: You use your ATM card to withdraw money from an ATM, this transaction will be reflected as Debit in your account because you have taken money from your account.
What does debit an account mean?
A Debit is a transaction wherein money is debited or withdrawn or taken out from your bank account. For Ex: You use your ATM card to withdraw money from an ATM, this transaction will be reflected as Debit in your account because you have taken money from your account.
Card where money is taken directly from a bank account?
A Card where money is taken directly from the bank account linked with it, everytime you use is called a "Debit Card". It is like a credit card that you can use for shopping at stores/malls or even for online shopping. The only difference is that, everytime you use it, money is directly debited from the account linked with it (either checking or savings) and you will be allowed to spend only up to the amount you hold in the account as balance.
Can you deduct the amount of money taken out of your paycheck for a garnishment on your tax return?
No
Why the journal entry is debit when the owner withdraws money from the business account for personal use?
It is a debit because money is being taken from the account. You debit the owner's capital account and credit cash/bank.
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.
What is the meaning off debited?
To debit an account means to record an entry on the left side of an account, indicating that the amount has been taken out or reduced. It represents a decrease in assets or an increase in liabilities or equity in accounting.
What means of debit?
A Debit is a transaction wherein money is debited or withdrawn or taken out from your bank account. For Ex: You use your ATM card to withdraw money from an ATM, this transaction will be reflected as Debit in your account because you have taken money from your account.
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.
Is debit money in or out of an account?
Debit is money that is taken out of an account.
What should not necessarily be taken into account when figured the amount of money a person may need to retire?
level of education
Which should not necessarily be taken into account when figuring the amount of money a person may need to retire?
Level of Education
How is the supply of money measured and what factors are taken into account in determining its quantity?
The supply of money is measured by the total amount of currency in circulation, plus deposits in banks. Factors taken into account in determining its quantity include the amount of currency printed by the government, the reserves held by banks, and the level of economic activity affecting the demand for money.
What is a debit to your checking account?
A Debit is a transaction wherein money is debited or withdrawn or taken out from your bank account. For Ex: You use your ATM card to withdraw money from an ATM, this transaction will be reflected as Debit in your account because you have taken money from your account
Should level of education be taken into account when figuring the amount of money a person may need to retire?
level of education
Can you explain what "gross of fees" means in financial terms?
"Gross of fees" refers to the total amount of money earned or invested before any fees or expenses are deducted. It represents the raw or initial amount without any deductions taken into account.
Can money be deposited into frozen account?
Yes money can be deposited in account when frozen but cannot be taken out.
