What is CR bank statement?
CR in financial terms means credit. So to answer the question what is CR in Bank Statement, CR when placed beside a monetary amount in a bank statement means that there has been a credit of money in the bank account. This means that money has been added to the account.
What is DR and CR in bank statement?
Understanding Debit (DR) and Credit (CR) On the flip side, an increase in liabilities or shareholders’ equity is a credit to the account, notated as “CR,” and a decrease is a debit, notated as “DR.” Using the double-entry method, bookkeepers enter each debit and credit in two places on a company’s balance sheet.
What is ECS bank?
Ans : ECS is an electronic mode of payment / receipt for transactions that are repetitive and periodic in nature.
What is ECS loan?
ECS is used by institutions for making bulk payment of amounts towards distribution of dividend, interest, salary, pension, etc., or for bulk collection of amounts towards telephone / electricity / water dues, cess / tax collections, loan instalment repayments, periodic investments in mutual funds, insurance premium …
What does CR mean in payment?
refund credited back
If there is “CR” sign next to the amount, it means there is a refund credited back to your account, like if you purchased something and returned it. 10. What is a finance charge: You will have this information if there is a cash advance or you didn’t pay your entire balance by the due date of previous billing period.
What does MB transfer mean?
MB. Money Box. Money, Box, Gift.
What is contra entry?
A contra entry is recorded when the debit and credit affect the same parent account and resulting in a net zero effect to the account. These are transactions that are recorded between cash and bank accounts.
What is CA medical term?
CA: 1. Short (and slang) for cancer and carcinoma. 2. Abbreviation for cardiac arrest; chronological age; coronary artery.
What is OD medical?
doctor of optometry
Optometrist (OD): Vision Care and Eye Care Services Optometrists take care of primary health care for the eye. After college, they spent 4 years in a professional program and got a doctor of optometry degree. Some optometrists get additional clinical training or complete a specialty fellowship after optometry school.