What does cash at bank credit balance means?
930956
Cash at Bank " Credit Balance " only means that the company lends money from the bank, which is a normal business financial arrangement. Credit Balance with a bank is "overdraft", which may be secured by assets of the company or un-secured. \n\nThere is no relationship between the profitability of a company with the fact that the Cash at Bank  is a "credit balance" and we could not say whether the come is suffering from loses or gaining profits.
957378
You can have any amount of cash at home - how would they know what you've got ?? What you cant have is more than £6,000 sitting in a bank account .  If you've got hoards of money at home - why go through all the hassle just to claim £52.00 per week that you're not entiltled to anyway ????  xx
465033
A debit is an increase in an asset.  \n\nFor the bank that holds your credit card, the right to receive money from you in the future is something that is their asset.  When you charge $100 on your card, they 'debit' a 'receivable' of $100, and then pay the merchant whatever they pay them ('crediting' cash)\n\nYour account is debited (charged) when the business submits the charge to the bank.\n\nWhen you go to a restaurant, and you charge $30 for a meal, the restaurant runs the card for $30 and gets an 'approval number'. This means the bank guarantees that the card is valid, and that the restaurant will get $30. It also creates a tracking category on your credit card entitled 'authorizations'. While your card has not been charged, your available credit limit has been reduced because of the authorization.\n\nAt the end of the day, the business 'batches' the authorizations and actually charges the cards. They do this because it is simpler to track revenue for bookkeeping purposes as one daily batch of $2100 than 70 charges of $30.22 or whatever the bills are. Visa/MC then makes a deposit into the merchant account for $2100, instead of 70 different daily bank deposits. At the time the batch is processed, the cards are actually charged, and the authorizations are removed.
646618
Debit is a formal bookkeeping and accounting term that comes from the Latin word debere, which means "to owe". The Latin debitum means "debt". The opposite of a debit is a credit. Debit is abbreviated Dr, while credit is abbreviated Cr.
1021423
it's like additional money you have in your account that you can use if need be\nyou have overdraft fees though if you go below\nyour balance and have to use this overdraft
1169169
It means you give the company the money(or collatoral) that you want to have credit for. Then you pay for the interest and fees for having the credit. It is better to go to a loan shark. At least they only break bones and not a credit history!
51906
i really tried to answer but i ve no clue. all i know about hsbc is that the y have an atm in our vicinity and i go there from time to time to draw money.\nby the way, i like the way you ask and answer quesions. i would be grateful if your write to me at johnsibling@yahoo
92087
Cashiers check.\n\nWheel balance.
420785
Do you mean the little booklet where you write in the amount of each check you write along with a tally of your balances?  You can usually get an extra one from your bank.  They should have some extras behind the counter.
847418
it depends on what side of the coin you are.\n\nin your own accounting records, a debit balance most likely means that someone owes you money.  the person who owes you money will have a credit balance in their own accounting records.\n\nconversely, in your own accounting records, a credit balance most likely meanst that you owe someone money.  the person who you owe money to will have a debit balance in their accounting records.
331731
(m)\n\nOverdraft - The amount by which withdrawals exceed deposits, or the extension of credit by a lending institution to allow for such a situation. \n\ncash credit - A short-term cash loan to a company. \n\n\nThe difference is very subtle and relates to the operation of the account. In the case of Cash Credit, a proper limit is sanctioned which normally is a certain percentage of the value of the commodities/debts pledged by the account holder with the Bank. Overdraft, on the other hand, is allowed against a host of other securities including financial instruments like shares, units of mutual funds, surrender value of LIC policy and debentures etc. Some overdrafts are even granted against the perceived "worth" of an individual. Such overdrafts are called clean overdrafts.
381150
Depends on your bank. Some places allow up to 500 a day in cash, and some allow 300.
1099744
DR means Debit   and CR means Credit\n\nTherefore whatever is under DR means that it was pulled out of your account or that you owe the bank. Take care
576239
ATM/debit card are basically the same thing - you use them to get cash out (or make deposits) at ATM machines and some places will allow you to pay for things with them (Target, Walmart, grocery stores).  The money is drawn directly from your account, so - no money, no stuff.\n\nA credit card is borrowing money you don't have.  Most places accept them, but you don't pay for your stuff until the bill comes at the end of the month.  If you don't pay in full when the bill comes, the issuer tacks on this little thing called interest (often around 3-5% per month on the unpaid balance).  And for every month you don't pay in full, they continue to tack on more interest.  That means you bought for $100 dollars but now you're paying $120, $130, $140 or more for it, depending on how long you take to pay it back.  If you JUST pay the minimum (typically 1% or 1.5% of the balance), it will take you 40 YEARS to pay for it!  Honestly!\n\nCredit cards are VERY dangerous and, really, should be avoided.  If you save money from every paycheck, you will be able to get the things you need, plus many of the things you want without have to pay some bank to use their money.  PLUS - you get to keep the interest you make!\n\nThen there's this thing called a debit/credit card (or a check card).  It has the Visa/MC logo, but takes funds directly out of your account like a debit card.  It can be used at more places because of the logo AND since the funds are drawn directly from your account - no funds, no stuff.\n\nIf you have a large bank balance (say $10,000-15,000) when you go to apply for your home loan (the ONLY thing you should buy on credit because it appreciates), banks will WANT to lend you the money at a great rate because they see that you manage your money well because you don't spend every penny you earn (and more by using credit cards).\n\nALWAYS have cash in savings for emergencies.  They WILL happen, so it's best to be prepared.
289852
the owner's credit history.  If you are applying for a merchant account, for instance, to accept credit cards, the bank processor will check the credit of the business owner to decide whether or not to approve, and the maximum amount of transactions they can do per month.
847116
Qoute:\n\nAccounting entries are made on the left side and right hand sides of an account. When an amount is entered on the left side, the account is said to be debited, and when an amount is entered on the right side the account is said to be credited. The difference between the total debits and total credits is the balance of the account. The balance may be either a debit balance if the debit side exceeds the credit side; or a credit balance if the credit side exceeds the debit side. When the total debits equal the total credits, the account is said to have nil or zero balance. The words "debit" and "credit" should not be confused with "increase" or "decrease". Certain accounts may increase when debited and other accounts may increase when credited depending on the type of account involved.\n\n\nLeft hand side of the pageThis is the debit side\n\nThe right hand side of the page       This is the credit side\n\n\nThe two rules of double-entry book keeping are that every transaction affects at least two accounts and that the total for the debit and credit sides should be equal. In other words, for every transaction, one or more accounts must be debited and one or more accounts must be credited.\n\nThe learners are required to master the following general rules:\n\nAccount      An Increase           A decrease\n\nAsset        Should be debited Should be credited\nLiability  Should be credited  Should be debited\nCapital         Should be credited Should be debited\n\nAs for income account always the recording should be made to the credit side while all expenses account will always be debited.\n\nend qoute
1159133
Cash usually refers to money in the form of liquid currency, such as bills or coins.\n\n[edit]\nEtymology\nThe word comes from kaasu in the Indian language Tamil. Early Chinese money was called Cash. The 1 Kuan Ming note from the Ming Dynasty (1368-1399) is one of the earliest suriving examples of paper currency, and was equivalent to 100 Cash.\n\n[edit]\nUsage\nCash can also refer to checks, money orders, cashier's checks, bank drafts, or traveler's checks. In all these forms, the term indicates the most liquid form of assets, which have a fixed value and can be easily converted to currency. "Cash pay" (as opposed to, e.g., stock options) would almost always be in the form of a check or bank deposit — but the employee can easily get cash per se from the bank.\n\nAs a verb, "to cash" an item (such as a check) denotes exchanging the item for cash.