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Q: how do debits and credits relate to debits and credits in accounting?
A: A debit card (also known as a bank card or check card) is a plastic card that provides the cardholder electronic access to his or her bank account(s) at a financial institution. [ Some cards have a stored value with which a payment is made, while most relay a message to the cardholder's bank to withdraw funds from a designated account in favor of the payee's designated bank account. The card can
be used as an alternative payment method to cash when making purchases. In some cases, the cards are designed exclusively for use on the Internet, and so there is no physical card. ]
Mandy11xx|Points 116|
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Asked 3/15/2013 7:24:47 PM
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