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Clearing System

Forums › FIA Forums › General FIA Forums › Clearing System

  • This topic has 0 replies, 1 voice, and was last updated 4 years ago by Iqra6.
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  • December 14, 2020 at 7:45 am #599870
    Iqra6
    Member
    • Topics: 1
    • Replies: 0
    • ☆

    Assalam u Alaikum
    Sir Plz tell me if I write a cheque and give a person when he receives money then my account is debited and payee account is credited But how??
    Traditional Rule#3
    ?Personal Account:
    *Debit the Receiver
    *Credit the giver
    But this situation is opposite my account must be credited and payee account must be Debited but this question my account is debited and payee’s account is credited…
    Plz tell me, how???

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