What Will Happen If Minimum Balance Is Not Maintained In HDFC? HDFC Bank Savings Account Minimum Balance: Failure to ensure the minimum required balance attracts penalty charges for the account holder. … In other words, the lender levies certain penalty charges payable from the customer for failing to ensure sufficient average monthly balance (AMB). What
Is Credit Positive Or Negative? For the sake of this analysis, a credit is considered to be negative when it reduces a ledger account, despite whether it increases or decreases a company’s book value. Knowing when credits reduce accounts is critical for accurate bookkeeping. Does credit mean positive or negative? For the sake of this
Do Liabilities Have A Normal Credit Balance? Do liabilities have a normal credit balance? In accounting, each account has a normal balance. Assets have a normal debit balance, while liabilities and owner’s equity have normal credit balances. Do liabilities have a normal credit or debit balance? Liabilities, revenues, and equity accounts have natural credit balances.