DCI in billing stands for "Debit Credit Indicator".
The DCI is a crucial element in financial transactions, helping to identify the direction of funds.
It indicates whether a particular amount is a debit or a credit.
Here's how it works:
- Debit (D): Represents money going out of an account.
- Credit (C): Represents money coming into an account.
For example, when you make a purchase using a credit card, the transaction will show a debit (D) in your credit card account and a credit (C) in the merchant's account.
The DCI ensures accurate bookkeeping and helps to maintain a balanced financial record.
