Social Sciences, asked by ujjwalnishad, 9 months ago

what is the basis of treating deposit in the bank as money​

Answers

Answered by pardhuvaishu123
4

Answer:

Bank deposits refer to this liability rather than to the actual funds that have been deposited. When someone opens a bank account and makes a cash deposit, he surrenders the legal title to the cash, and it becomes an asset of the bank. In turn, the account is a liability to the bank.

Explanation:

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Answered by Anjali2523
0

Answer:

Six-digit sort code of the account you're paying. Eight-digit account number of the account you're paying. A payment reference (often your name or customer number) to let them know the money came from you. Sometimes you'll need the name and address of the bank you are sending the money to.

Explanation:

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