Accountancy, asked by naury, 1 year ago

money deposit in bank was debit or credit​

Answers

Answered by dev230041
1

Answer:

bank account bebit

To cash account credit

Answered by EHSASS
1

╰☆☆ Here is Your Answer ☆☆╮

The amount deposited by customer is owed by bank hence it is a credit balance for bank. Cash deposit is credit because, from the bank's point of view, cash deposit is a legal responsibility to them since it is a deposit legal responsibility and take out as debit because it’s as if they have compensated their debt.

Ehsass

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