What must credits equal to in order to balance bank transactions?

In banking, the fundamental principle of double-entry accounting dictates that for every transaction recorded, there must be an equal and opposite entry. This means that credits must equal debits to maintain balance. When a transaction is made, whether it be a deposit or a withdrawal, the credit side of the transaction should always match the debit side.

For example, if a customer makes a deposit (which is a debit to the bank’s cash account), the bank needs to record a corresponding credit in the customer’s account to reflect the increase in customer funds. This dual aspect of financial transactions ensures that the books are balanced and reflect an accurate financial position.

Understanding this principle is crucial for a bank teller, as it ensures that all transactions are recorded accurately and helps prevent discrepancies in the financial records of the bank.