The main difference between debit and credit transactions is that a debit transaction involves money being taken directly from a bank account, while a credit transaction involves borrowing money that must be paid back later.
The main difference between credit and debit transactions is that credit transactions involve borrowing money that must be paid back later, while debit transactions involve using funds directly from a linked bank account.
Debit transactions involve money being taken directly from a bank account, while credit transactions involve borrowing money that must be paid back later.
The difference between net credit and net debit in financial transactions is that net credit means the total amount of money received or credited to an account, while net debit means the total amount of money paid out or debited from an account.
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.
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 main difference between credit and debit transactions is that credit transactions involve borrowing money that must be paid back later, while debit transactions involve using funds directly from a linked bank account.
Debit transactions involve money being taken directly from a bank account, while credit transactions involve borrowing money that must be paid back later.
The difference between net credit and net debit in financial transactions is that net credit means the total amount of money received or credited to an account, while net debit means the total amount of money paid out or debited from an account.
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.
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 main difference between debit and credit are how they are processed. when you use debit you will be asked to enter a "personal" pin or code. debit transactions have a limit of how many times you've used your debit card that day. when you use credit you are protected from liability. if someone steals your credit card, and you report it, you will not be liable for their credit transactions. so you are less protected if you use credit over debit. for Debit you can spent your maximum money in your balance bank account. but if if credit card, this is like a loans or there's maximum balance in your credit.
1. Credit Turnover is the summation of all the credit transactions in your account during the statement period.2. Debit Turnover means the summation of all the debit transactions in your account during the statement period.3. (Opening balance of account) + (Credit Turnover) - (Debit Turnover) = Closing balance of account.
The main difference between credit and debit is that credit allows you to borrow money that you have to pay back later, while debit uses money you already have in your account.
A debit is money paid out or a loss, a credit in income or a gain.
A Debit Memo is a over payment A Credit Memo is a over payment
A debit card - is a form of electronic cash. A credit card - is essentially a loan. The main difference between the two is - Debit card transactions are instant, and the value of the transaction is taken from the account immediately. Credit card transactions don't become due on the account until the next statement is prepared - and even then, you don't have to pay the balance in full.
credit mean were you take money debit is what you give money