Ask Question
30 October, 23:57

What is the relationship between credit and debit

+3
Answers (1)
  1. 31 October, 01:46
    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 you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers