Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 2 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 18 Aug 2017 My Price 6.00

depsite money

why does the bank tell you they are "crediting" your account when they increase it and "debiting" your account when they decrease it? I know this is a simple question but I just want to make sure I am currect with my answer before I post it to my class forme. Answer: A bank say's they are "crediting" your account when they increase it and "debiting" your account when they decrease it because if you were to depsite money into your account, that acts like a credit so they are giving you a positive deposit into your account. When they say they are debiting your account, that's when they take money out of the account that you say for them to take out such as a bill or if you were to write a check, they take that ammount out of the account. For Example, they use a T for their ledgers to show the debits in the colume on the left, and the credits on the right. Both are increasing however the debit side is subtracted from the balence at the end of a statement and the credits are added to creat a new ballence. Am I on the right track with this question?

Answers

Maurice Tutor
(5)
Status NEW Posted 18 Aug 2017 01:08 AM My Price 6.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll

Not Rated(0)