Credit what comes in

Debit what goes out

"debit what comes in"
"credit what goes out"
this is the golden rule

In Banks point of view debit means u have deposited money in the bank . and credit means u have withdraw money from the banks.
in other word we can say that if debit bank balances shows in bank statement this means it is the unfavorable condition for the company and credit balance means it is the favorable condition for the company.

From banks point of view, what comes in business is debit and what goes out from business is credit...

Debit what comes in &

Credit what goes out

from the Bank point of view

Credit what comes in

Debit what goes out

1. Debit to receiver
Credit to giver

2. Debit what comes in
Credit what goes out

3. Debit All Exp /Loss
Credit Income/Gain

debit balance of our books of a/c will be the credit balance of bank a/c. and the credit balance of our books of a/c will be debit balance in the books of a/c of bank

debit what comes in
credit what goes out

Debit means payment
Credit means receipt

credit means , what comes in , debit means what goes out

credit means , what comes in , debit means what goes out

If Bank is the receiver Bank account Debit
If Bank is the giver Bank account credit

In the view of banks debit withdraws,credit deposits.

Debit for a bank means assets/receivables

Credit for a bank means liability/payable

in the books of bank debit means receivable & credit means payable

From Bankers point of view Debit is All Withdrawals by the customer, Bank charges and service tax on certain services rendered by bank and Credit is all Deposits by the customer, Interest on the favorable balance for a defined period by the bank. In other words for the banker Debit is decrease in balance and Credit is increase in the balance of the account

in the point of bank
credit is incoming and
debit is outgoing of money
u will see in passbook

In Bank point of view,

Debit all Loans and advances and Credit all about Deposits!

ALL DEPOSITS ARE LIABILITY TO THE BANK AND ALL PAYABLE ARE EXPENDITURE TO BANK. IT MEANS OUR DEPOSITS (SUCH AS SB A/C. C.A. A/C., RECURRING DEPOSITS ETC., ARE PAYABLE TO DEPOSITORS WHICH LIABLE TO THE BANK (CREDIT) AND PAYMENTS SUCH AS INTEREST ARE REPAYING OF BALANCES (WITHDRAWALS OF CUSTOMERS) ARE EXPENDITURE TO THE BANK (DEBIT)

credit-what comes in
debit what goes out

Double entry principle
debit the giver
credit the receiver

As Bank is a personal account..so in this the the golden rule is Debit what comes in and Credit what goes out.That is when Bank is receiving the cash than Bank A/C will be Debited and Vice Versa.

debit is comes in
&
credit is goes out.
this is golden rule of cash book.
in 11 the class..
i remembered it.

Debit What Comes In (e.g cash deposit, Bank charges)
Credit what Goes Out (Cash withdrawal by customer, Rent paid)

debit receiver and credit the given

from bank point of view the debit means that bank receive from you any thing(decrease in balance) and credit means increase in your balance.

From Bank the entry while depositing money by a customer will be Cash a/c ...Dr
To Customer Name.

Hence the customer's account will show a credit balance if there is money.

in the point of bank
credit is incoming and
debit is outgoing of money

Debit what comes in
Credit what goes out

bank always credit our a/c whenever we deposit any amount because we are creditor of bank & bank has to pay our money in future

no

double entry Principe
debit what comes in
credit what goes out
debit the receiver
credit the giver
all/exp.&loss. debit
all income&gain credit

debit the rec & credit the giver.
debit what cums in & credit what goes out.
debit all exp&losses & credit all income&gains.

Debit means negative balance.
Credit means positive balance,for point of bank.

For bank Point of view

Debit - Withdrawal Amt
Credit- Deposit Amt

In Banks point of view debit means u have deposited money in the bank . and credit means u have withdraw money from the banks.
in other word we can say that if debit bank balances shows in bank statement this means it is the unfavorable condition for the company and credit balance means it is the favorable condition for the company

The rules of Debit and Credit are same in all occasions. The general rule is the Receiver will be Debited and the Giver will be credited. Whenever we make deposits we will debit the Bank why because he is receiving with a view to act as custodian of our money. When ever require funds we will credit the Banker to the actual balance with our Banker or we became debtor to the Bankers.

As and when the balance in the account decreases it will be a debit and if the balance increases it will be a credit. This scenario is when we are talking about a individual bank account.
If we taking only the bank then the deposits, service charges etc will be debit as the amount (balance) increases. Withdrawls would be a credit as the amount (balnce) will decrease.

sales is also called as turnover

from the bank point of view bankers debit the what goes out. credit the what comes in firm

Debit means negative balance.
Credit means positive balance,for point of bank

In general we categorise debit and credit based on different accounting types likewise personal, real and nominal account. But when it comes to bank perspective, debit indicates withdrawls and credit indicates deposits which the customers maintain their accounts with the banks.

Debit what comes in ,
Credit what goes out



Regards,
nicku

Dr. whats come
and
cr. whats goes out.

any banker have seen this qustion pls put the detailed answer.

dr. means bank payment
cr. means bank receipt

Bank point of view Debit means received money from customers.
Cerdit Means pay amount demand by customer.

according to accounting principles the terms debit and credit plays very dominant role.The term "Debit" means what comes in and "Credit" means what goes out from the organizations.

cash is taken by bank bank a/c should be debited,cash going from the bank bank a/c should be credited

Normally from business poit of view
debit and credit means... is different for different accounts for ex,
for personal a/c.
debit the receiver
credit the giver.
for real a/c.
debit what comes in.
credot what goes out.
for nominal a/c,
debit expenses
credit income.

so bank also follow the same rule.. but most of accountant thought that bank does it reverse i.e..,
debit the giver
credit the receiver,
but its not currect as the bank maintai the same rule. why it looks like reverse because its maintains customers account in their bank and has to repay on demond.
thats why it credited coustomer account on deposit,and debited coustomer`s account on withdrawl..

Debit Mean; When Withdrwel the bank (Debit) Credit Mean: When deposit the bank (Credit)

Debit is come in business
Credit is out in business.
In ponit of bank

Debit means depositing and credit means withdrawing...
Or
Debit means comes in and credit means comes out,,(bank point of view).

Debit means depositing and credit means withdrawing...
Or
Debit means comes in and credit means comes out,,(bank point of view).

If you are depositing in bank than bank will be debited and if you are withdraw from bank than bank will be credited.

bank point of view:
deposits has to be repay & withdrawal reduces the liability of bank in each account.

so banks debit withdrawals n credit deposits

credit-Credit does not necessarily require money. The credit concept can be applied in barter economies as well, based on the direct exchange of goods and services . Unlike money, credit itself cannot act as a unit of account.
debit-A debit indicates an asset or an expense transaction.A debit transaction can also be used to reduce a credit balance or increase a debit balance. A credit transaction can be used to decrease a debit balance or increase a credit balance.

Debit the receiver
CREDIT the giver
{If Bank is the receiver Bank account Debit
If Bank is the giver Bank account credit}

Quite opposit to general rule of debit and credit

General rule is as follows
Debit whats comes in
Credit whats goes out

which amount debit in bank statement it means this amount is withdrawal & which amount is credit in bank statement it means this amount depoist in our bank, amount comes in our account
then in tally from bank statement which amount is debit but in tally it will be credited & which amount is credit in tally it will be debit

Mahima

which amount is debit, it means withdrawal.
which amount is credit, it means deposit.
In tally software which amount is debit, there wil be credited.
In tally which amount is credit, there will be debited.

Dr. whats come
and
cr. whats goes out.

The golden rule is
Debt what comes in,
Credit what goes out,

From the banks point of you.....
Credit what comes in,
Debt What goes out.

Banks Point of view

Debit balance shows that the company balance is negative & credit balance shows that company balance is positive.because in our books our assets shows debit and our liablity shows credit balance.
so that's why from the banks point view credit balance is a liablity for bank that's why in the bank account our balance shows credit

WHEN WE DEPOSITED CASH/CHEQUE IN BANK THEN BANK BALANCE INCREASE WHEN THE BALANCE INCREASE ANYWAY WE SHALL DO BANK A/C DR. & WITHDRAWN CONDITION BY ANYWAY WE SHALL DO ALWAYS BANK A/C CR.

Just one simple thing as per bank point of view.
Person who's deposit in the bank, bank need to be treated them as their Liabilities.
Person who's borrow from the bank, bank need to be treated them as their Assets.
Example: Ram deposited into bank 10,000 Rs.
In the Ram Books
Bank A/c Dr. 10000
To Cash A/c Cr. 10000

In the Bank Books
Cash A/c Dr. 10000
To Ram A/c Cr. 10000

For Personal A/c: Deposit by someone will be credited and borrow by someone is debited.


For Cash A/c:Cash deposit by someone will be debited and cash borrow by someone is credited.

the three golden rules of accounting will apply to every organisation. generally there is no definition for debit and credit for accounting purposes. however we have one principle that is debit all expenses and losses and assets and credit all liabilities and incomes and gains. for banks also this will apply. that means if u deposit amount in bank that will be asset to u and a liability to bank.

Debit What Comes In (e.g cash deposit, Bank charges)
Credit what Goes Out (Cash withdrawal by customer, Interst allowed by the bank)

first the golden rule of debit & credit {Debit means what's come in & Credit What goes Out}
But according to bank the system is reversed {Credit means What Comes in & Debit What goes Out}

DEBIT MEANS EXPENDITURE AND CREDIT MEANS INCOME. IN THE OTHER WAY WE CAN CALL IT AS DEBIT FOR PAYMENTS AND CREDIT FOR RECEIPTS.
WHEN EVER WE DEPOSIT IN THE BANK WE SHALL DEBIT BANK ACCOUNT AND CREDIT CUSTOMER ACCOUNT IN OUR BOOKS OF ACCOUNTS.SIMILARLY BANK WILL CREDIT TO OUR ACCOUNT.

DEBIT MEANS EXPENDITURE AND CREDIT MEANS INCOME. IN THE OTHER WAY WE CAN CALL IT AS DEBIT FOR PAYMENTS AND CREDIT FOR RECEIPTS.
WHEN EVER WE DEPOSIT IN THE BANK WE SHALL DEBIT BANK ACCOUNT AND CREDIT CUSTOMER ACCOUNT IN OUR BOOKS OF ACCOUNTS.SIMILARLY BANK WILL CREDIT TO OUR ACCOUNT.

Debit what comes in
Credit what goes out

debit all expenses & Loss
Credit all incomes & gains

there is a opposite reaction with bank,,like our debit is banks credit & our credit is banks debit..ex: i will deposit d money in bank that is debit for me n bank will credit d amt in my a/c.

Cash A/c & Bank a/c both are the real accounts,as per the principle of the real a/c is, whether Bank Point of View or your point of view it should be

Dr what comes in,
Cr what goes out.

Cash A/c & Bank a/c both are the real accounts,as per the principle of the real a/c is, whether Bank Point of View or your point of view it should be

Dr what comes in,
Cr what goes out.

debit and credit of banking company is entirely diffrent from that of business

in business debit side of bank accounts means assets or deposit in bank so its asset to the company on the other hand bank point of view it is a liabilty and shown in the liabilty side of its balance sheet ie it has to repay to its customer as and when required or as per the terms of
condition and in case of loan taken from the bank the business treat it as liabilty and bank trat it as asset and shown in asset side of the balancesheet .

Debit refers to increase in the value of assets and expenses and dicrease in the value of liabilities and incomes.

Credit refers to dicrease in the value of assets and expenses and increase in the value of liabilities and incomes.

Debit is the deposit by coustomers and credit is withdrawal or if u get u salary den also dat amount is credited to your accounts.

Debit from bank point of view is withdrawals and Credit is deposit...

It applies the nominal princile i.e: Debit the receiver credit the giver

As per the Bank point of view Debit means withdrawls of business and credits means deposits of the business.

in bank point of view all deposit of business is shown in credit side & all withdrawal of business is shown in debit side that it.

In bank point of view
Credit what comes in
Debit what goes out

The Debit and the Credit form the Bank point is credit is incoming and
debit is going out.
If we have passbook with us we can see that as Dr or Cr.

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