Accountancy, asked by rajchuddar8013, 10 months ago

What is the Deposit and loan activities ?

Answers

Answered by majhistiti93
0

Explanation:

These are the main function of the bank.

1. Deposit means to put money in the bank and by depositing money we get the interest on that money acc. to bank rules.

2. Loan means to withdraw money from bank and in this case we have to return money to bank with the fixed rate of interest.

Similar questions