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Home Interview Accounting and Finance Comments

  • Question
  • what is the difference between the terms 'credit' and 'debit' from the customer point of view?


  • Correct Answer
  • From the customer point of view, credit is the amount which is deposited into her or his account And debit refers to that amount which is taken from the account of the customer 


  • Accounting and Finance problems


    Search Results


    • 1. What is 3 Way Matching?
    • Discuss
    • 2. What do you understand by Intercompany Settlement?
    • Discuss
    • 3. How does the payment mechanism work?
    • Discuss
    • 4. What is meant by liabilities ?
    • Discuss
    • 5. What is the meaning of invoice?
    • Discuss
    • 6. What is reconciliation ?
    • Discuss
    • 7. What is the Debit Balance recovery? How we can recover if we won?t have any future transactions from supplier ?
    • Discuss
    • 8. Liabilities are defined as
    • Discuss
    • 9. Which of these is an example of eminent domain?

    • Options
    • A. a corporator forces public for sell their lands to him
    • B. a state forces people to sell their fields for building highway
    • C. Both A & B
    • D. None of the above
    • Discuss
    • 10. A debit signifies a decrease in

    • Options
    • A. revenues
    • B. liability
    • C. owner's equity
    • D. All of the above
    • Discuss


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