Ask Question
Social StudiesSocial Studies
1 August, 12:19

What is the relationship between credit and debit

+5
Answers (1)
  1. 1 August, 12:40
    0
    Credits happen when you give money to the bank, they credit your account (increase a liability) and debit their cash balance (increase an asset). Debits are when they give money to you, they debit your account (decrease a liability) and credit their cash balance (decrease an asset).
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “What is the relationship between credit and debit ...” in 📗 Social Studies if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Imagine that you wanted to know if speciation is more rapid in plant groups pollinated by bees or hummingbirds. To do this, you identified 20 genera of angiosperms that contained species pollinated by both types of animals.
Answers (1)
Things that cannot be changed in an experiment are dormant called constants called variables not useful
Answers (1)
Higher education, in and of itself, does NOT A improve critical thinking skills • B. change a person's societal status C improve problem-solving skills D. quarantee employment after graduation
Answers (1)
Which of the following best describes the physical destruction of the Civil War? Select one: a. Towns and farms throughout the South were burned and destroyed. b. Railroad tracks and bridges were destroyed. c.
Answers (1)
Panic disorder is more common in children who have experienced parental loss or seperation and in adults
Answers (1)
New Questions in Social Studies
Did Texas have slaves in the 1800's?
Answers (2)
Which of the following best describes the concept of federalism? power divided between state governments and the people power divided between the house and the senate power divided between state and federal governments power divided between the
Answers (1)
Carol works as an intern at an IT firm. She is quite dependable as a coworker and is friendly with all her colleagues. Even though she sets realistic goals at work, she does not seem to believe in her own ability to achieve those goals.
Answers (2)
How did hunter gatherers use technology to improve their chances of survival l?
Answers (1)
What is the domino theory? a. a political theory that was developed during the cold war that stated if one nation fell to communism surrounding nations would likely fall to communism as well b.
Answers (1)
Home » Social Studies » What is the relationship between credit and debit
Sign Up Forgot Password?