Examlex

Solved

On a Bank Statement, Deposits Are Listed as Debits Because

question 76

True/False

On a bank statement, deposits are listed as debits because the bank increases its cash account when the deposit is made.


Definitions:

Electronic

Relating to technology that operates on the principles of electronics; typically involves devices that utilize electrical power to function.

Deluxe

A term often used to describe products or services that are of higher than average quality or additional features.

Names List

A registry or directory containing names, often used for organization, identification, or to provide contacts.

QuickBooks Pro

A version of QuickBooks accounting software designed for small to medium-sized businesses, offering advanced features.

Related Questions