Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Why Credit/Debit Reversed In Banking Accounting?

April 26, 2017Accounting Banking credit Debit reversed

0

10 Posted

Why Credit/Debit Reversed In Banking Accounting?

1 Answer

0

10 Posted

“, summary:”A bank’s accounting credit debit seems reversed to most individuals and can be confusing. In an account for an asset held by a bank, a credit lowers the value of the asset and a debit increases the value.