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Debit and Credit
in Accounting
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Explained
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or Credit
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Debit Card Quickly Explained 💳 #finance #banking
A debit card is a financial tool that allows individuals to make electronic transactions by accessing funds directly from their linked checking account. When a debit card is used for a purchase, the corresponding amount is immediately deducted from the available balance in the checking account. Unlike credit cards, which involve borrowing money ...
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