Detail basics of credits and debits
When learning accounting for the 1st time, the terms ‘debit’ and ‘credit’ could be a little puzzling. Why? Because when you go to the bank and deposit cash, the teller will tell you, I’m crediting your account X quantity of dollars, but if you’re taking money our of your account, the teller will tell you, I’m charging your account X quantity of dollars. Continue reading
Understanding credits and debits
Way back, after proudly surviving my first formal accounting classes, I was challenged by a CPA buddy of mine (Tom K) with a mind numbing quiz. If you are so smart Mr. Tim, then let me know, what’s a debit and what’s a credit? I proceeded to launch into a wonderful and lengthy rationalization of debits and credits. Continue reading
Credit Card and Debit Card – Difference
What is a debit card ?
The card is used in the ATM is known as a debit card. When it first appeared debit cards is easy to say, apart from credit cards. Debit cards do not have a credit card company logo, but usually only had the name of your bank, your account number and your name.
Today debit cards as credit cards, even with the same logos. Continue reading
Many people treat credit card as one of their expenses, something that costs them money. Many people refuse to take a credit card just because they feel they can not afford to have one. Thought, once the credit card will pay more.This is completely wrong.
Here are simple rules to follow when considering the transfer of balances of credit cards: 1. Determine how long the 0% or low interest rates are valid. Often, credit card companies offer low or no interest to attract customers, but the offer has a time limit... 
Fees by credit card is the same as throwing your money. Late credit card payments can also hurt your credit score. The payment tips and strategies here will show you how to avoid these costly fees. When the process of credit card companies credit card payments,