For example, the balance sheet shows ... or reduction, of $200 to accounts receivable (AR). The posted debit and credit amounts are equal. In this instance, one asset account (cash) is increased ...

In other words, finances must balance. For example, if Barnes & Noble sold $20,000 worth of books, it would debit its cash account $20,000 and credit its books or inventory account $20,000.

Since this is a debit card, cardholders can connect it to a bank account, cash app or Venmo. Cardholders won't need to undergo a credit check to get the card and your payment history won't be ...