I can understand Cr for CRedit but why Dr for Debit and not De Db or Dt?
123386
One theory asserts that the DR and CR come from the Latin past participles of debitum and creditum which are "debere" and "credere", respectively. Another theory is that DR stands for "debit record" and CR stands for "credit record". Finally, some believe the DR notation is short for "debtor" and CR is short for "creditor".
672611
I have been going thru CCC (Consumer Credit Counseling) for two years now. I know it's awful having so many bills and so many rude people calling and demanding payment. There was a start up fee and then they just started deducting so much every other week. I'll be finished in November, thank goodness! You should look into it, it definitely takes a weight off your shoulders because you just see the progress ya know? You're not writing checks and balancing who gets how much. Good luck!
554233
Only some insurance cover the procedure, and they cover varying amounts. You want to check with your own. D is not that large, so they may not deem it madically necessary. I personally had one a few years ago and went from DDD to C, and even then it took a bit to get them to cover it.
564859
Date              Particular                       Debit       Credit\n\n12 July          Equipment                      4500\n                         Shop A/c payable                         4500                   \n\n21 July          Shop A/C Payable          2400\n                          Bank                                            2400\n\nThat's it. The balance will than be dealt  with in the ledger A/C. You don't balance it here. Instead of Shop A/C Payable you can also right the name of creditor.
328408
There are several reasons.  One reason - local interest rates.  If you can earn 10% on US dollars at a US bank, but only 5% in Germany, it may make sense to convert DM to USD and earn the higher rate, then convert back.  There are transaction costs to think of.  Large banks also consider political stability, and economic oppportunities.
407705
hi, well 'posting' is quite a broad term and I presume you mean 'posting a transaction' or 'posting an entry'. Not trying to sound like your teacher; but 'posting' will depend on each kind of transaction. There are 1) assets, 2) liabilities, 2) equities, 4) revenues and 5) expenses. The 1st three items are reflected in the Balance sheet while the last two in the income statement. Asset and expenses, when increased are DEBIT, when they decrease are CREDIT (DEBIT and CREDIT are two sides of your Journal, the right side is DEBIT and the left side is CREDIT). On the other hand, liabilities, equities and revenues, when increase are CREDIT and when decrease are DEBIT (so they are opposite). eg. If you purchase a car for $10,000, your asset that is your car increases by $10,000 and another asset your cash decreases by $10,000. So car is Debit and cash is Credit, both by $10,000. Similarly you could buy an asset on a loan, so your liability increase which is a Credit and so does your asset which is a Debit. Remember whenever there is a (or more than one) Debit, there is a (or more than one) Credit and both (or all) must be of the same amount so that if Debit is PLUS and Credit MINUS the sum should be ZERO.\n\nFORWARD - well, every month end or year end, you total all your debits and credits in a particular account eg. Cash eg. in August you received $1,000 and at the start of August (or end of July) you had $200 (which means Debit $1,200) and in August you spent $700 (which means Credit $700) then you have a Debit balance of $500. As I said earlier the Journal has two sides for each account. At the end of the month or year every account is closed (as in our example 'cash account' was closed). This is done by balancing the account, eg. in the eg. above the Debit side is $1,200 and Credit is $700, so we will add $500 to the Credit side (this addition to Credit side is called a 'Debit balance' and if it was made to the Debit side it would have been called a 'Credit balance'. This Debit balance (as in our eg. $500) will be forwarded to the next month September. So when you will start the Cash account for September you will drag the 'Debit balance' (which was actually on the Credit side last month to the Debit side in September. It is basically a way to show that what you had at the end of last period you start with the same items (which is quite obvious, wonder why they chose such a tough way of doing it). It must be noted that only Balance sheet items (asset, liabilities and equities) are forwarded. Expenses and revenues are not forwarded they are closed (taken to the income statement).\nHope this helps, cheers.
662478
Its no big deal, the checks are numbered for the customers benefit.  The bank usually sumarizes the checks presented for payment on your statement for your reference to what was paid.\n\nI bought designer checks a few years back, and found my name spelled wrong.  I was out of checks and had to use the ones that were wrong anyways.  Then when the corrected checks came they had started at the same number and I used them with no problem.   I did call the bank to ask, and they said it was fine.
512784
bascially card companies will start you with the highest interest rate they can depending on the card 17-18% dept store cards are up to 30% so be wary of those! Then its a per annum rate divided monthly based on the amount of credit you owe ( how much youve charged to your card) Not sure how long you've had this card but if you are good at paying your monthly amounts usually its 3% of the total amount owing you can get the overall interest rate dropped some to half the amount so be good to your card and don't accept the high rates just call them up tell them you have been offered another card with a lower rate and your thinking of doing a balance transfer why pay more them than you have to!
602038
If they do - change your bank. I've never had a charge for using a debit card. If I withdraw money from ATMs not associated with my bank - then there is a charge. If you use a credit card to withdraw money - you pay a charge and interest from the date of withdrawal. In the UK, it's wise to use a credit card for purchases over £100 because you get legal protection if something goes wrong.
457422
Both will be listed. You can try to dispute one, but they have the right to list both. The account number and referring creditor usually identifies the match on your credit report.\n\nSometimes you can negotiate for the collector to eliminate the negative reference if you meet their payment criteria. They may demand payment in full, or may even accept a settlement for less than the full amount. Whatever arrangements you can negotiate, make sure you get them in writing.
367564
checks bounce....\nIt is important to keep your credit clean
607203
I thought the others were giving pretty good advice until I saw umdanddvd's response and clicked on his link that he offers. It seems like a paradise of Bad credit, loans, credit cards, mortgages, etc. In other words a place for people with bad or no credit to go and get approved easily for these types of loans. \nI would be very cautious when it comes to applying for so called "No credit check" or "Bad credit" loans. Any reputable lender such as the larger banks, would not lend so easily to someone that is considered a high credit risk like yourself. The ones that do, and do it without credit checks, usually do so with a price. You may have to pay annual fees, abusively high interest rates, etc. \nAs a former financial counselor, my advice is to go to your local bank, where you have your checking account for example and see if they have secured credit cards available to customers. This is part credit card part debit card. Basically you have an account tied to it where you make deposits like a debit card, but use it like a credit card. But isn't that a debit card you ask? Well technically it is, except it shows up on your credit report like a credit card. Therefore it's a good way to rebuild credit. It's great for students too, who have little or no credit. \nBut as with anything else there's the good the bad and the ugly. Make sure you shop around to try to get an account with the least amount of annual fees, etc. You can go to Bankrate.com for a list of secured credit issuers: http://www.bankrate.com/brm/rate/cc_ratehome.asp?web=brm&state=US&prodtype=cc&R1=1&card_type=Secured&card_class=All&max_recs=50 Good luck with your search! And good luck with your situation. Also check out the source link for Do's and Don'ts with secured credit cards.
286192
1. It gives your business credibility. It shows you are legit, not a fly-by-night company.\n2. Allows you to build business credit history\n3. Allows potential partners to get more information about your business, including your business credit history. \n4. You can also use your D&B profile as a reference check when applying for bank loans and financing.\n\nDUNS number is just that - a number. But if you want to build credit history, meaning they will track your credit history and others can check your credit history, you need to buy their product CreditBuilder.
461264
The way that purchasing CD's from a broker works is that broker lines up a group of investers and then negotiates a higher rate from the bank by using this greater pool of money.  I believe that the "dead time" that you are seeing is caused by the fact that the broker is pooling a larger group and this takes time.\n\nOne way around this is to purchase the CD directly from the bank.  Several sites offer the ability to search CD rates across the country for free - bankrate.com is one of the larger ones.  Then contact the bank directly, open an account and the CD usually starts with a brief period after the money has transferred in.\n\nWhether or not purchasing direct from a bank makes sense depends on how much effort you want to invest in the process (in terms of paperwork), how much money is involved, and the term of the CD.
83753
Since you know what a debit card is you will know that when purchases are made with a debit card, the funds are withdrawn directly from the purchaser's (i.e. your)current/checking or savings account at a bank or credit union. The debit will be applied to your bank account at the transaction date (when you paid for something) or the nearest working date thereafter.\n\nA credit card is different from a debit card in that the credit card issuer lends the consumer money rather than removing money directly and immediately from the consumers  account. It is also different from a charge card (though this name is sometimes used by the public to describe credit cards) in that charge cards require that the balance be paid in full each month. In contrast, a credit card allows the consumer to 'revolve' their balance, at the cost of having interest charged. In contrast if a debit card was used and insufficient funds were available in the consumers bank account the transaction would either be refused or result in bank overdraft fees being incurred.\n\nIn the United Kingdom, banks started to issue debit cards in the late 1980s in a bid to reduce the number of cheques being used at the point of sale, which are costly for banks to process. As in most countries, fees paid by merchants in the United Kingdom to accept credit cards are a percentage of the transaction amount, which funds card holders' interest-free credit periods as well as incentive schemes such as points, airmiles or cashback. \n\nIn contrast debit cards do not usually have these characteristics, and so the fee for merchants to accept debit cards is a low fixed amount, regardless of transaction amount. This means it is cheaper for a merchant to accept a debit card for a large amount and to accept a credit card for a small amount. \n\nAlthough merchants won the right through The Credit Cards (Price Discrimination) Order 1990 to charge customers different prices according to the payment method, few merchants in the UK charge less for payment by debit card than by credit card BUT notable exceptions are budget airlines, travel agents and IKEA!\n\nDebit cards in the UK lack the advantages offered to holders of UK-issued credit cards, such as free incentives (points, airmiles, cashback etc), interest-free credit and protection against defaulting merchants (under Section 75 of the Consumer Credit Act 1974). \n\nDespite the disadvantages of debit cards over credit cards, many people in the UK prefer paying with debit cards rather than credit cards, often because they fear that using credit cards will result in accumulation of unmanageable debts. \n\nAll establishments in the United Kingdom that accept credit cards also accept debit cards (although not always Solo and Visa Electron), but a minority of merchants, for cost reasons, accept debit cards and not credit cards (for example the Post Office).\n\nI don't know if the incentives and card protection offered by debit and credit cards in the USA are different but would imagine so as most debit cards follow diverse banking system networks such as Switch, and most credit cards follow global credit organisations such as Visa or Mastercard.\n\nHope this answer clarified the matter.
453812
Actual a debit card is linked to a checking account.  If the checking account has overdraft protection.  It will use this.  \n\nNow if the checking account has no overdraft protection. They should of denied all of your transaction after the 1st time you account went into the negative.  \n\nHowever,  I would go into the bank an explain what happen.  They might be able to help you get back and remove it from the collection agency.   They should not charge you 600 in overdrafts and fees.   \n\nI would dispute the fees owed.  The bank sent it directly to a collection agency without contacting you first.   Most banks will contact your first and give you 30 days to pay it back.\n\nGas stations do put big holds on them.  \n\nBanks are supposed to wait till the transactions hard post before applying an overdraft charge.  Some don't.   This could be illegal.\n\nhuman_we_are is incorrect.   Try to discuss this with your bank before just paying the fee blindly.
543531
its called a test debit.the credit card company are seeing if the details you have given them are true and also to see if you can afford to have a credit card.....it will appear on your account and disappear next day.this happens a lot when you switch items on a debit card its nothing to worry about but to put your mind at rest phone the credit card company...........