Debit – Page 2 – itho's internet resources

Understanding Electronic Money (eMoney): Transactions & Benefits Explained

By Itho April 30, 2010

[ad_1] What Is Electronic Money? Electronic money is currency stored and transacted electronically, backed and regulated by fiat currency and central banks. It facilitates global transactions through digital apps, electronic…

Double Entry: What It Means in Accounting and How It’s Used

By Itho April 14, 2010

[ad_1] What Is Double Entry? Double entry is the bookkeeping principle which states that every financial transaction has equal and opposite effects as both an asset and a liability,…

Due to Account: Definition, Example, Importance

By Itho October 28, 2008

[ad_1] By Will Kenton Full Bio Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall…

Understanding the Earnings Credit Rate (ECR): A Key Banking Metric

By Itho October 28, 2008

[ad_1] What Is the Earnings Credit Rate (ECR)? The earnings credit rate (ECR) is the interest a bank pays on customer deposits. It is used mainly for institutional deposits and…

Due From Account vs. Due To Account: Understanding Key Differences

By Itho October 27, 2008

[ad_1] What Is a Due From Account? A due from account is a critical asset account in the general ledger, tracking deposits held at other companies. In contrast, due to…

What Is a Disbursement?

By Itho October 24, 2008

[ad_1] What Is a Disbursement? A disbursement is a payment to an individual or entity from a private or public fund. It may also be a payment made on behalf…