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Jun 01, 2011
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Lower Credit in Bank
by: Henk

The Bank account is an Asset Account. All Asset Accounts have a normal Debit balance, which means a Debit increases the account.

Remember, all accounts within the Expenses Account also have a normal Debit balance. A debit to this account increases your expenses. Thus, a credit decreases the amount in the bank account.

Example:

A credit of $100.00 will reduce the amount in the bank account by $100.00

A debit of $100.00 will increase the amount in the bank account by $100.00

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