Fraud and Risk Analyst Interview Questions and Answers for Freshers

Debit and credit processes involve recording financial transactions in a bank account.

• Debit transactions decrease the account balance, while credit transactions increase it.

• Debit cards are used to make payments directly from the account balance.

• Credit cards allow users to borrow money up to a certain limit.

• Debits and credits are recorded in the bank's ledger to track account activity.

• Bank statements show a summary of debit and credit transactions for a specific period.