Question

credit bank balance journal entries

Answer 1

Bank's Debits and Credits. When you hear your banker say, "I'll credit your checking account," it means the transaction will increase your checkingaccount balance. Conversely, if yourbank debits your account (e.g., takes a monthly service charge from youraccount) your checking account balance decreases.

Answer 2

Answer:

Credits Balance of Ledger: Journal Entries and Ledger Accounts

When credit balance of ledger is given.

In accounting, credit balance is the part of liabilities like creditor, bank overdraft, capital etc.

Generally, credit balance is creditor in ledger account.

Explanation:

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