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

Questions by ferozbm   answers by ferozbm

Showing Answers 1 - 8 of 8 Answers


  • Apr 22nd, 2006

Credit what comes in

Debit what goes out


  • Apr 28th, 2006

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


  • May 3rd, 2006

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

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  • 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

  • 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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  • 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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  • 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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