Question

(10) For cash deposited into bank, -
Account will be debited and
account-
will be credited​

Answer 1

Explanation:

On deposit of cash in the Bank, the balance of Bank would increase. According to the Rules of Debit and Credit, when an asset is increased, the asset account is debited . So Bank A/c would be debited. Further , on deposit of cash in the Bank, , it results in decrease of Cash, which is an Asset.