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

Questions by ferozbm   answers by ferozbm

Showing Answers 1 - 8 of 8 Answers

R.Suriyanarayanan

  • Apr 22nd, 2006
 

Credit what comes in

Debit what goes out

BhageswariShanmugam

  • Apr 28th, 2006
 

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

Pradeep

  • May 3rd, 2006
 

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

  Was this answer useful?  Yes

chandrashekar

  • Jun 1st, 2006
 

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

  Was this answer useful?  Yes

ch.v.rama krishna rao, chirala

  • 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.

  Was this answer useful?  Yes

shabeena

  • 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

  Was this answer useful?  Yes

vara

  • 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.

  Was this answer useful?  Yes

Give your answer:

If you think the above answer is not correct, Please select a reason and add your answer below.

Answer Question

Click here to Login / Register your free account


 
Send   Reset

 

Related Answered Questions

 

Related Open Questions