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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.
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.
What does Adjustment reversal from Chase bank mean?
It means that Chase reversed an adjustment that they previous debited or credited to your account.
What does dr mean on your bank statement?
dr refers to a debit. A transaction in which money was debited or deducted or taken from your account. For ex: if you withdraw $100 from your account using the ATM it would appear in your statement as dr - $100
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 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.
Is debited a deduction?
yes debited is a deduction from the account as it only taked whats int your account out if you have enough
When the seller is paid the customer's account is.credited or debited?
debited
What does it mean if your account is debited?
It simply can mean anything. If its a personal account it means I received something. If its a Real Account then that means that an asset has increased. etc etc etc....
When December rent is paid in November to which account is it debited?
Prepaid Rent is debited.
When December rent is paid in November which account is debited?
Prepaid Rent is debited.
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.
What is debited?
It is something that is entered into an account as a debt
What does Adjustment reversal from Chase bank mean?
It means that Chase reversed an adjustment that they previous debited or credited to your account.
Can your bank account be debited without you being told?
NO.
When a comapany pays a bill the cash account WILL BE?
Debited.
When a business makes a sale on account which account is debited in the accounting entry?
Cash book
