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what is debit and credit from the banks point of view ?

Asked by: ferozbm | Member Since Feb-2006 | Asked on: Mar 8th, 2006

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Showing Answers 1 - 8 of 8 Answers
R.Suriyanarayanan

Answered On : Apr 22nd, 2006

Credit what comes in Debit what goes out

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BhageswariShanmugam

Answered On : Apr 28th, 2006

In Banks Point of View the Debit is Withdrawals & the Credit is Deposits.

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Pradeep

Answered On : May 3rd, 2006

That means u wanna say bank account is a liability account with respect to account holder?

  
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chandrashekar

Answered On : Jun 1st, 2006

Banks is a personal account, so debit the receiver and credit the giver

  
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ch.v.rama krishna rao, chirala

Answered On : Nov 8th, 2007

In banks point of view debit is a withdrawal and credit is a deposit made by the customer. Pass book is a statement of transactions made by you with the bank, which is just equal to your account in their books.

  
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Cody2727

Answered On : May 8th, 2011

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A debit is money taken from the account and a credit is money put into the account.

  
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shabeena

Answered On : Jun 21st, 2013

What we are receiving the money it is called as debit...................... what we are paying the amount to bank it is called credit

  
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vara

Answered On : Feb 27th, 2014

When we have received amount from bank that is debit to banker , when we deposited amount in bank that is credit as per bank books.

  
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