Question

Opened a Bank Account with a deposit of 4,500. What to debit and what to credit????​

Answer 1

Explanation:

Bank A/c ........Dr $4500

To Cash A/c $4500

Answer 2

Answer: Bank a/c. Dr. 4500

To cash a/c. 4500

(Opened bank account with a deposit of 4500)

Explanation: Hey

So according to the rules

Your bank acc is increasing that is an asset so u debit it at the same time your cash is decreasing as your depositing some of it in the bank as a result another asset it decreasing so you credit it ! When asset increases you debit it and when it decreases you credit it .

Hope you understand:)