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

Answer: Credit what comes in

Debit what goes out



Category Accounts Payable Interview Questions & Answers - Exam Mode / Learning Mode
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Question: What is debit and credit from the banks point of view ?

Answer:

Credit what comes in

Debit what goes out Source: CoolInterview.com


"debit what comes in"
"credit what goes out"
this is the golden rule Source: CoolInterview.com

Answered by: ravindra | Date: 3/23/2009 | Contact ravindra Contact ravindra

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. Source: CoolInterview.com

Answered by: manjeet | Date: 3/28/2009 | Contact manjeet Contact manjeet

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

Answered by: Nitin Rajdev | Date: 3/30/2009 | Contact Nitin Rajdev Contact Nitin Rajdev

Debit what comes in &

Credit what goes out

from the Bank point of view Source: CoolInterview.com

Answered by: kathiresan | Date: 7/9/2009 | Contact kathiresan Contact kathiresan

Credit what comes in

Debit what goes out

Source: CoolInterview.com

Answered by: dheeraj gupta | Date: 7/17/2009 | Contact dheeraj gupta Contact dheeraj gupta

1. Debit to receiver
Credit to giver

2. Debit what comes in
Credit what goes out

3. Debit All Exp /Loss
Credit Income/Gain Source: CoolInterview.com

Answered by: manjunath | Date: 7/23/2009 | Contact manjunath Contact manjunath

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 Source: CoolInterview.com

Answered by: kiran | Date: 7/25/2009 | Contact kiran Contact kiran

debit what comes in
credit what goes out Source: CoolInterview.com

Answered by: shireesha | Date: 9/14/2009 | Contact shireesha Contact shireesha

Debit means payment
Credit means receipt Source: CoolInterview.com

Answered by: Tapojit | Date: 9/18/2009 | Contact Tapojit Contact Tapojit

credit means , what comes in , debit means what goes out Source: CoolInterview.com

Answered by: panchami H.R | Date: 10/8/2009 | Contact panchami H.R Contact panchami H.R

credit means , what comes in , debit means what goes out Source: CoolInterview.com

Answered by: panchami H.R | Date: 10/8/2009 | Contact panchami H.R Contact panchami H.R

If Bank is the receiver Bank account Debit
If Bank is the giver Bank account credit Source: CoolInterview.com

Answered by: RAM RAI | Date: 10/26/2009 | Contact RAM RAI Contact RAM RAI

In the view of banks debit withdraws,credit deposits. Source: CoolInterview.com

Answered by: sandhya | Date: 11/1/2009 | Contact sandhya Contact sandhya

Debit for a bank means assets/receivables

Credit for a bank means liability/payable Source: CoolInterview.com

Answered by: Mahesh | Date: 11/3/2009 | Contact Mahesh Contact Mahesh

in the books of bank debit means receivable & credit means payable Source: CoolInterview.com

Answered by: narendra | Date: 11/6/2009 | Contact narendra Contact narendra

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 Source: CoolInterview.com

Answered by: kamala | Date: 12/1/2009 | Contact kamala Contact kamala

in the point of bank
credit is incoming and
debit is outgoing of money
u will see in passbook Source: CoolInterview.com

Answered by: praveen | Date: 12/9/2009 | Contact praveen Contact praveen

In Bank point of view,

Debit all Loans and advances and Credit all about Deposits! Source: CoolInterview.com

Answered by: Naveen Kumar | Date: 12/10/2009 | Contact Naveen Kumar Contact Naveen Kumar

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) Source: CoolInterview.com

Answered by: K.V.S.SUBRAHMANYAM | Date: 12/14/2009 | Contact K.V.S.SUBRAHMANYAM Contact K.V.S.SUBRAHMANYAM

credit-what comes in
debit what goes out Source: CoolInterview.com

Answered by: b.nivethika | Date: 12/20/2009 | Contact b.nivethika Contact b.nivethika

Double entry principle
debit the giver
credit the receiver Source: CoolInterview.com

Answered by: tayo | Date: 1/8/2010 | Contact tayo Contact tayo

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. Source: CoolInterview.com

Answered by: vsoniyak | Date: 2/1/2010 | Contact vsoniyak Contact vsoniyak

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

Answered by: deepak singh | Date: 2/6/2010 | Contact deepak singh Contact deepak singh

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

Answered by: Wagh Ramesh | Date: 2/10/2010 | Contact Wagh Ramesh Contact Wagh Ramesh

debit receiver and credit the given Source: CoolInterview.com

Answered by: md sameer | Date: 2/13/2010 | Contact md sameer Contact md sameer

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. Source: CoolInterview.com

Answered by: Sir Anjam Khan | Date: 2/24/2010 | Contact Sir Anjam Khan Contact Sir Anjam Khan

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. Source: CoolInterview.com

Answered by: simi | Date: 2/25/2010 | Contact simi Contact simi

in the point of bank
credit is incoming and
debit is outgoing of money Source: CoolInterview.com

Answered by: Pallavi | Date: 3/4/2010 | Contact Pallavi Contact Pallavi

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 Source: CoolInterview.com

Answered by: santosh | Date: 3/27/2010 | Contact santosh Contact santosh

no Source: CoolInterview.com

Answered by: palakvjain | Date: 4/20/2010 | Contact palakvjain Contact palakvjain

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
Source: CoolInterview.com

Answered by: vivek parihar | Date: 4/24/2010 | Contact vivek parihar Contact vivek parihar

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

Answered by: Raghuram | Date: 5/1/2010 | Contact Raghuram Contact Raghuram

Debit means negative balance.
Credit means positive balance,for point of bank. Source: CoolInterview.com

Answered by: Hemant Kumar Roy | Date: 6/11/2010 | Contact Hemant Kumar Roy Contact Hemant Kumar Roy

For bank Point of view

Debit - Withdrawal Amt
Credit- Deposit Amt Source: CoolInterview.com

Answered by: Naresh Chavan | Date: 6/16/2010 | Contact Naresh Chavan Contact Naresh Chavan

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 Source: CoolInterview.com

Answered by: Lingagoud | Date: 6/24/2010 | Contact Lingagoud Contact Lingagoud

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. Source: CoolInterview.com

Answered by: Satyanarayana Raju | Date: 6/28/2010 | Contact Satyanarayana Raju Contact Satyanarayana Raju

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. Source: CoolInterview.com

Answered by: Anupama Sarat | Date: 7/1/2010 | Contact Anupama Sarat Contact Anupama Sarat

sales is also called as turnover Source: CoolInterview.com

Answered by: sagar | Date: 7/1/2010 | Contact sagar Contact sagar

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

Answered by: kamal | Date: 7/5/2010 | Contact kamal Contact kamal

Debit means negative balance.
Credit means positive balance,for point of bank Source: CoolInterview.com

Answered by: chinu | Date: 7/13/2010 | Contact chinu Contact chinu

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. Source: CoolInterview.com

Answered by: parveen | Date: 8/5/2010 | Contact parveen Contact parveen

Debit what comes in ,
Credit what goes out



Regards,
nicku Source: CoolInterview.com

Answered by: nicku | Date: 8/11/2010 | Contact nicku Contact nicku

Dr. whats come
and
cr. whats goes out. Source: CoolInterview.com

Answered by: Narendra Kumar chauhan | Date: 9/2/2010 | Contact Narendra Kumar chauhan Contact Narendra Kumar chauhan

any banker have seen this qustion pls put the detailed answer. Source: CoolInterview.com

Answered by: ummrt | Date: 9/5/2010 | Contact ummrt Contact ummrt

debit what comes in
credit what goes out Source: CoolInterview.com

Answered by: NILESH KISHOR SHINTRE | Date: 3/18/2016 | Contact NILESH KISHOR SHINTRE Contact NILESH KISHOR SHINTRE

if we deposited money in the banks that is called credit balance .if we withdraw money from bank that is called debit balance. which is shown all the bank pass book. Source: CoolInterview.com

Answered by: nidhi sharma | Date: 3/22/2016 | Contact nidhi sharma Contact nidhi sharma

On the Bank's point of view, whatever money deposited into bank, there will be CREDIT balance. If a customer have minus balance, overdraft or loan etc, then the customer's account shows DEBIT balance ((n the above answer, there is a mistake in the first 2 lines) - MURALI S PANAVELI Source: CoolInterview.com

Answered by: Murali S Panaveli | Date: 6/13/2016 | Contact Murali S Panaveli Contact Murali S Panaveli

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. Source: CoolInterview.com

Answered by: surendrakumar | Date: 7/11/2016 | Contact surendrakumar Contact surendrakumar

Credit what comes in

Debit what goes out


"debit what comes in"
"credit what goes out"
this is the golden rule Source: CoolInterview.com

Answered by: surendrakumar | Date: 7/11/2016 | Contact surendrakumar Contact surendrakumar


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