Question:Why do the words Debit and Credit have meanings on a bank statement different from the ones which they have in normal accounting ( i. e. a debit is actually a withdrawal, a credit a deposit)? 

A The bank statement is created from the bank's perspective, not the customer's 
B The bank industry has different rules from those of the GAAP 
C It has been a tradition since the 1800s 
D None of these 

+ Answer
A 

+ Explanation
Answer not sure

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Md. Habib Ullah

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