Question

Can anyone explain me Credit and Debit?

Answer 1

Credit is usually something that you can make payments to overtime. While debit is paying it all off at one time.

Answer 2

I want a mathematical aspect of it as i am gonna program it.

Answer 3

So Credit is,

balance=balance+amount?

Answer 4

I'd love to see that program. What are you going to call it, Credit Vs. Debit?

Answer 5

No It's a BankAccount Program.

Answer 6

Most simplisticly, credits are amounts added to an account. debits are amounts subtracted from the account.

Answer 7

Debit would be

balance=balance-amount ?

Answer 8

If the amount exceeds the transaction? What would we call that?

Answer 9

It would still be the debit. It's just that your balance would be in the negative afterwards.

Answer 10

Um,So i won't let him do the transaction.Okay thanks :)

Answer 11

Let who do what?

Answer 12

if amount withdrawn exceeds the current balance they money won't come out.

Answer 13

the*

Answer 14

If the amount withdrawn exceeds the current balance, the money might still come out (depending on your bank's credit limits) but either way the balance will be negative.

Answer 15

No we don't allow transaction more than the balance and yeah Thanks alot :)