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Why Does Your Bank Statement Show a Credit for an Increase in Your Cash Balance?
Banks -- like many other financial institutions -- use accounting terms and process for recording financial information. This leads to the use of terms like debit or credit on your bank statement. Though confusing at first, learning to... More »
Source: www.ehow.com

en.wikipedia.org/wiki/Debits_and_credits

In double entry bookkeeping, debits and credits are entries made in account ledgers to record .... A customer's periodic bank statement generally shows transactions from the .... Based on the law of accounting, a decrease in my cash asset is a credit. .... For example, if your business is an airline company they will have to ...

www.answers.com/Q/Why_does_your_bank_statement_show_a_credit_for_an_increase_in_your_cash_balance

It's because the bank statement is written from the POV (bank's point of view). ... Hence, an increase in your cash balance at the bank is a credit entry on the ...

www.accountingcoach.com/debits-and-credits/explanation/4

When you hear your banker say, "I'll credit your checking account," it means the ... the Cash account in the general ledger increases its balance, yet your bank says it is ... this might be itemized on Debris Disposal's bank statement as a "debit memo." The entry in the bank's records will show the bank's liability being reduced ...

money.stackexchange.com/questions/11599/if-something-is-coming-into-my-account-will-it-be-debit-or-credit-in-my-account

If something is coming into my account will it be debit or credit in my account? ... From the bank's perspective (printed on your statements) credit: Money into your account (increases the bank's liabilities) debit: Money out of your ... So on the Balance Sheet, you would be debiting cash. For the Income ...

www.ehow.com/info_7956824_increase-bank-statement-debit-credit.html

Therefore, increases on your deposit account statement are always due to credits . Your bank balance decreases whenever you make a withdrawal because your ... Deposit slips and cash-out tickets are credits because you receive money or ... If you do not make a payment, the bank debits your credit card for a late fee, ...

debitoor.com/dictionary/bank-balance

It will fluctuate naturally over the course of an accounting period and can be viewed anytime. ... Assets · Bank reconciliation · Cash ... This is because your bank statement shows the balance from the bank perspective and from the bank's ... Debit asset and expense accounts to increase their balance and credit to reduce.

www.fool.com/knowledge-center/rules-of-debits-and-credits-for-the-balance-sheet.aspx

In the example of the loan transaction above, the increase in cash would be ... A credit increases the balance of a liabilities account, and a debit decreases it. ... must show the salaries expense as a debit on the income statement. ... It does not necessarily reflect the current thinking or guidance of your premium services team ...

simplestudies.com/how-to-account-for-bank-deposit.html

Jun 21, 2010 ... Do you need to credit the cash account in your records then? ... account," which means the transaction will increase your checking account balance. ... itemized on ABC Company's bank statement as a "debit transaction." The entry in the bank's records will show the bank's liability being reduced (because ...

www.bankrate.com/banking/checking/bank-statement-basics

Knowing how to read your bank account statement can nip problems in the bud. ... Get your checkbook register and be prepared to match up every debit and credit on ... banking transactions that involve cash being withdrawn from your account, ... of your account: the beginning and ending balances for the statement period, ...