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Debit is the process of money withdrawal from any bank account. Having debit cards also help in the transaction of money electronically. Like debit cards, the credit cards and horizon gold card are also there which are widely used in terms of online shopping, Internet banking and marketing purposes.
Posted on Apr 22, 2017
A debit juniper credit card is bookkeeping entry that result in the increase an asset or a decrease in a laibilty or a answer equity.A debit juniper credit card has the opposite effect of a credit, which either decreases an asset or increases a liability or owners equity.
Juniper credit card is best credit card..
Posted on Sep 02, 2011
To explain debit using everyday life:
A credit card is when you charge an item, and the bank extends you credit, and then you pay the bank at the end of the month. The bank extended you credit. If you exceed the credit, the bank no longer lets you charge until payment is received. As a general rule, the business that sells you the item pays a charge to the bank each time the credit card is used.
A credit is money you owe the bank.
Any time you owe money to somebody, like a bank, or your relative, that is a credit.
A debit card is when you pay the bank in advance and have a balance on the card. As you make purchases with the debit card, that amount is subtracted from your advance payment. In the case of debit card, the bank is merely holding your money and allowing you to use the convenience of a card ... and of course the bank charges the debit card user for that service.
A debit is money that the bank owes you because you paid the bank in advance.
Anybody who owes you money would be a debtor, and that would be a debit.
In business accounting, debits and credits appear on opposite sides of the ledger.
Wikipedia has an explanation:
Posted on Jan 04, 2011
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Posted on Jan 02, 2017
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