Accountancy, asked by sukantaswain402, 10 months ago

define current and seving account ​

Answers

Answered by ramdasbundhe68
1

Answer:

A savings account is a deposit account which allows limited transactions, while a Current Account is meant for daily transactions.

Answered by monikasharma5266
1

Answer:

Current is a flow of electrical charge carriers, usually electrons or electron-deficient atoms. The common symbol for current is the uppercase letter I. ... In an alternating current(AC), the flow of charge carriers reverses direction periodically.

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While a Savings Account is one wherein you deposit your savings with the bank and earn interest on the same, a current account is one where you deposit money to carry out business transactions.

Explanation:

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