Question

what is the entry of bank balance​

Answer 1

Answer:

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

Answer 2

Answer:

The total of the amount(s) entered as debits must equal the total of the amount(s) entered as credits.

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