Debit and credit are two sides of the same coin in financial transactions. Debit means money is being taken out of an account, while credit means money is being added to an account. Debit decreases the balance, while credit increases it. Think of debit as a subtraction and credit as an addition in your financial records.
Bankers and customers work together to do financial transactions. A good banker will help a customer secure mortgages, balance accounts, and maintain a good relationship with the bank.
A credit card network is a system that facilitates transactions between merchants, cardholders, and banks. It acts as a middleman, processing payments and ensuring that funds are transferred securely. These networks, like Visa and Mastercard, set the rules and fees for transactions and help connect different financial institutions to enable card payments worldwide.
The statement balance is the amount you owed at the end of the last billing cycle, while the current balance includes any recent transactions or payments.
An IOU is a written acknowledgment of a debt owed by one party to another. It is commonly used in informal financial transactions between individuals or businesses. Examples of IOUs include notes promising to repay borrowed money, goods, or services at a later date. IOUs serve as a temporary record of the debt until a formal agreement or payment is made.
Unsettled cash refers to funds that have been deposited into an account but are not yet available for withdrawal or trading. This typically occurs when a transaction has been initiated but has not yet been fully processed or settled.
Discuss the difference between book values and market values on the balance sheet and explain which is more important to the financial manager and why?
Explain the difference between the vassals and the serfs
Explain the difference between young and mature mountains?
Describe is what it is and explain is why it is as it is
Describe is what it is and explain is why it is as it is
explain the difference between cash and credit transaction
Explain the difference between share of customer and customer equity
Bankers and customers work together to do financial transactions. A good banker will help a customer secure mortgages, balance accounts, and maintain a good relationship with the bank.
The difference between OCN and SPID Telecom VoIP is that the OCN is assigned by The National Exchange Carrier Association and is used as an identifier for inter-carrier transactions while the SPID is the Service Provider Identification Number.
explain the difference between systems and sub systems
A credit card network is a system that facilitates transactions between merchants, cardholders, and banks. It acts as a middleman, processing payments and ensuring that funds are transferred securely. These networks, like Visa and Mastercard, set the rules and fees for transactions and help connect different financial institutions to enable card payments worldwide.
explain the difference between the two types of feeding?