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GCSE Mathematics · key term
Money entering a bank account, increasing its balance.
Used by AQA
Specification N2 · Paper 1, Paper 2, Paper 3
Revise: Household FinanceOn a bank statement, a credit is money coming into the account, such as pay. A debit is money going out, such as a bill or a card payment. The balance is the running amount in the account.
Identify whose money is being tracked: on a bank statement, a credit increases the account balance and a debit decreases it.
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