Accountancy, asked by harsewanand7070, 14 days ago

when we take deposit money in bank it is debited or credited??​

Answers

Answered by fizamehak
0

Answer:

When you deposit money into your account, you are increasing that Asset account. ... The money deposited into your checking account is a debit to you (an increase in an asset), but it is a credit to the bank because it is not their money.

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