What is debited in bank statement?

When your bank account is debited, money is taken out of the account. The opposite of a debit is a credit, in which case money is added to your account. Your account is debited in many instances.

What is FTC in bank statement?

FTC: Funds transfer credit.

What is Tran code in banking?

The bank transaction code is used to allow the reconciliation between the reason of the cash movement and the sub-ledger and/or the routing of the information to the adequate processing system at the customer side.

What is debit accounting?

Debit means an entry recorded for a payment made or owed. A debit entry is usually made on the left side of a ledger account. To record the transaction, she debits the Asset account to increase the asset balance and credits the Cash account to decrease the cash balance.

What is the charge for prcr in bank statement?

PRCR is not a kind of full-fledged service just like any SMS alert or a ATM service but to show the mode of transaction in the statement. So, there’s no kind of charge that is charged for it. But the full amount that is deducted or credited is shown using PRCR in the statement.

What is prprcr and how does it work?

PRCR refers normally refers to ‘ payment reversal credit ‘ Some payment has been made but the transaction for which it is originated is not completed then the reversal may be done . There are three types of payment reversal . One is Authorization reversals wherein the reversal of payment is done before it officially goes through.

What is RTN charges in a bank?

In our bank the term RTN charges is used to denote Return charges. Normally return charges are levied for cheque returned due to Insufficient funds, Signature mismatch etc… Study economics for business with MIT. Gain a global economic perspective to help you make informed business decisions. What does CWDR mean in bank?