Bank Interview Questions

A debit can signify an increase in asset, an expense, and the owner's drawings. A debit can also signify a decrease in a liability, revenues and owner's equity.

In the case of, "Price rises and demand is inelastic", the total revenue increases.

Bank credit balance meant that the banker is laible to paid us.

And if we have a credit balance accouding to bank statement is mean we have " cash at bank" and in our book we show in the assets side but bank show laiblities side.

Hence, The credit balance in the bank account is the amiunt we have in our account and we are eligible to withdraw that.

Paying off your credit card bill most impacts your credit score.

If the price of a product rises, the demand for the substitute product increases.