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Why the bank account is always debited? When we are investing money in business by cheque than bank account is debited and when we deposited money out of cash than also it is debited. Why? Don't give me the answer in the terms of ASSESTS. I mean don't say "Increase in assests is debited" because when money is invested in business through cheque than bank account is decreasing not increasing.?
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Why the bank account is always debited? When we are investing money in...
When we deposited money out of cash then bank will debit to you and credit to the bank because deposited money it is not their money ,it's your money and return back to you. According to the bank your book is a increasing assets because you deposited with him and bank book is a labilities that's why your account is debit and his account is credit.
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Why the bank account is always debited? When we are investing money in business by cheque than bank account is debited and when we deposited money out of cash than also it is debited. Why? Don't give me the answer in the terms of ASSESTS. I mean don't say "Increase in assests is debited" because when money is invested in business through cheque than bank account is decreasing not increasing.?
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Why the bank account is always debited? When we are investing money in business by cheque than bank account is debited and when we deposited money out of cash than also it is debited. Why? Don't give me the answer in the terms of ASSESTS. I mean don't say "Increase in assests is debited" because when money is invested in business through cheque than bank account is decreasing not increasing.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Why the bank account is always debited? When we are investing money in business by cheque than bank account is debited and when we deposited money out of cash than also it is debited. Why? Don't give me the answer in the terms of ASSESTS. I mean don't say "Increase in assests is debited" because when money is invested in business through cheque than bank account is decreasing not increasing.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Why the bank account is always debited? When we are investing money in business by cheque than bank account is debited and when we deposited money out of cash than also it is debited. Why? Don't give me the answer in the terms of ASSESTS. I mean don't say "Increase in assests is debited" because when money is invested in business through cheque than bank account is decreasing not increasing.?.
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